員工分紅對股市交易量之影響

The Influence of Employee Stock Bonus on Turnover

陳芳君(Fang-Chun Chen)

指導教授 ： 沈仰斌

元智大學/管理學院/財務金融學系/碩士(2004年)

摘要

Since the investigation in Taiwan’s unique employee stock bonus are few. Most of these investigations are masters’ theses which have not published in any journal. There are no reference for us to develop the relationship between Taiwan employee stock bonus and turnover. Therefore, we compare the similarities and differences of these three employee benefit plans and try to find the relationship between turnover and employee stock bonus plan. The aim of this study is to investigate the associations between compensation and turnover ratio and the determinant of turnover ratio in Taiwan. In particular, it compares three kinds of employee benefit systems on the actual ways. The results suggest follows: First, firms granted employee stock bonus plan will make differences from firms non-granted in median turnover. Second, bonus variables are all significant and positively related to turnover. That is mean the effect of dilution is bigger than the effect of encouragement in stockholders’ mind. This thesis concludes that employee stock bonus plans is not better than employee stock option plans and ESOPs in encouragement side. Also reveals the reactions of shareholders when firms distributed employee stock bonus plan.

關鍵字

員工分紅 ； 週轉率

並列摘要

無資料

並列關鍵字

Stock Bonus ； Turnover

參考文獻

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