金融產業之研發創新活動、董監事責任險及公司治理品質對公司經營績效之影響

科技發展速度極快，企業從事研發活動與新科技的投入，創造了許多利潤與市場的競爭力，近年生活中使用到網路購物與第三方支付的行為愈為普及，政府積極地推動數位金融，國內各家銀行為了要因應市場需求與政府政策，也做了許多數位金融相關的金融創新科技。創新需要耗費相當多的資源投入研發，成功的研發創新往往會為企業帶來許多的經濟效益，反之若研發活動後該創新因為已經過時或不符合市場需求，就很可能會變成沉沒成本，所以經營決策者或許在研發活動這一塊可能會有較少的投入，公司投保董監事責任險就可以促使董事會作出較為客觀的決策。公司進行創新研發活動使企業經營績效提升，公司投保董監事責任險，將可能促使董事會對公司經營策略較為客觀且較願意投入研發活動。本研究探討金融產業之研發費用、公司經營績效與董監事責任險之間的關聯性，結果顯示有投保董監事責任險之企業其公司價值較高，且對公司績效帶來正向影響；而研發創新活動因短期內不確定之風險較高，對公司經營績效無顯著相關。

關鍵字

研發創新活動；董監事責任險；公司治理；經營績效

並列摘要

In recent years, the government has actively promoted digital finance, and domestic banks have successively invested in several financial-related innovation activities. Innovation requires a considerable amount of resources to invest in research and development. Successful R&D and innovation often bring many economic benefits to the company. On the contrary, if the innovation is outdated or does not meet market demand, R&D will likely become a sunk cost. Therefore, business decision-makers may have less investment in R&D activities. Directors and officers liability insurance (D&O insurance) should prompt director of board and superiors to make decisions objectively. D&O insurance may prompt the board of directors to be more objective and willing to invest in research and development activities. This study explores the relationship between R&D expenses, operating performance and the liability of directors and supervisors in financial industry. The results show that companies with D&O insurance have higher corporate value and positively impact on company performance; R&D and innovation activities are not significantly related to the company's operating performance due to the high risk of uncertainty in the short term.