The Relationship Among Executive Share-Based Compensation And Investment Efficiency
碩士 === 輔仁大學 === 會計學系碩士班 === 94 === The purpose of this thesis is to investigate the relationship between executive share-based compensation (i.e., stock bonus and stock option rewards) and investment efficiency using a sample Taiwanese listed firms from over-investment to under-investment. The empi...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/50449806689492197677 |
| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 94 === The purpose of this thesis is to investigate the relationship between executive share-based compensation (i.e., stock bonus and stock option rewards) and investment efficiency using a sample Taiwanese listed firms from over-investment to under-investment.
The empirical results show that higher stock bonus rewards increase the likelihood of over-investment. However, I do not find the stock-based compensation affect the likelihood of under-investment.
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