台灣上市櫃公司高階經理人薪酬與績效連結性：薪酬委員會之影響

Top Management Pay-to-performance Relation: The Effect of Compensation Committee

陳立榕(Li-Rong Chen)

指導教授 ： 林嬋娟

國立臺灣大學/管理學院/會計學研究所/碩士(2014年)

https://doi.org/10.6342/NTU.2014.02780

摘要

無資料

關鍵字

公司治理 ； 薪資報酬委員會 ； 高階經理人薪酬 ； 薪酬與績效連結性

並列摘要

Compensation committee is introduced in Taiwanese firms in 2011 for addressing the problem of insensitive compensation. I examine whether mandatory compensation committee increases pay-to-performance relation and whether composition of committee affects pay-performance relation. Using 4,005 firm-years of TSE and GTSM listed firms from 2010 to 2012, I find no significant evidence that compensation committee can improve pay-to-performance relation. But the further test indicates that composition of committee affects pay-to-performance relation. The presence of independent director on compensation committee increases pay-to-performance relation in firms with favorable performance. The result suggests that setting independent directors on committee may be a solution to increase pay-to-performance relation. On the other side, the analysis also indicates that the presence of director with multiple directorships increases pay-to-performance relation. The finding of positive effect of director with multiple directorships supports previous research which stated that director with multiple directorships would bring their experience to board/committee and be more active in participating in board/committee meeting.

並列關鍵字

Corporate Governance ； Compensation Committee ； Top Management Compensation ； Pay-to-performance Relation

參考文獻

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