The relationship between Employee bonus policy and productivity、corporate performance

• Main Authors: Chen-Chang Chung, 鐘振彰
• Other Authors: TsingZai Wu
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/31166163654986217437

碩士 === 國立成功大學 === 會計學系碩博士班 === 93 === 　In order to encourage employees to work hard in the company in our country , more and more firms provide employee bonus to inspire them. The firms may have two purpose, one is to remain the outstanding and suitable employees in the competitive environment；another is to let the employees effort be positive with productivity and corporate’s performance. 　Our study primary purpose is want to examine the relationship between employee bonus and corporate’s performance and between employee bonus and productivity. Furthermore, we examine whether the extent of the employee bonus can add corporate’s performance and productivity Through doing the regression , our research find five conclusions： 1.When considering whether the corporate pay the cash bonus and stock bonus to employee, our research find there are strongly relationship between bonus and corporate’s performance and between employee bonus and productivity 2. The productivity and performance of the companies who implement employee-bonus are better than those who do not implement employee-bonus .Among the companies implementing employee-bonus, we find that there is no difference for productivity but there is difference for performance when compared companies paying cash dividends with companies paying stock dividends but we also find there is difference between productivity and performance when compared companies paying cash dividends with companies paying cash and stock dividends. 3. If we regard cash bonus and stock bonus as bonus variable for total payroll and stock bonus is accounted by par value and market value, empirical result finds that there is positive relationship between cash bonus ratio and stock bonus ratio of the front year and productivity and performance whether the stock bonus of the payroll is measured by par value and market value. 4. The first third topics are about the effect of employee bonus in the short run. This topic mainly examined employee bonus have continues for productivity and performance, and the result finds that employee bonus is not obvious for and have obvious relationship for long term company perdormance. 5. We divided the companies into three groups through the life circle approach (growth、maturity and Stagnant) and we want to know whether the company who pay the employee bonus have different incentive effect during the different stage. The empirical result is that, for productivity , there is no relationship between bonus variable and productivity in growth and stagnant stage；But for corporate’s performance ,there is a strongly positive relationship between corporate’s performance variables and bonus variables in the growth stage.