Corporate Governance Mechanisms, Corporate Social Responsibility and Top Management Compensation

• Main Authors: Chen Chia- Te, 陳家德
• Other Authors: Nien-Chi Liu
• Format: Others
• Language: en_US
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/26048957381988802264

碩士 === 國立中央大學 === 人力資源管理研究所 === 99 === 　　The purposes of the study here are to examine the determinants of top management compensation from traditional corporate governancemechanisms includingthe composition of boards and ownership structure. We also extend to give abroad perspective of corporate governancemechanism, which is corporatesocial responsibility. 　　Top management compensation and governance variablesfrom 2007 to 2009are collected, which is based on the secondary data of listed high tech companies in Taiwan. As our hypotheses,we find that top management ownership and corporate social responsibility positively impact on top management compensation. Moreover, board member ownership and family- controlled firms negatively impact on top management compensation. However, our study shows that outside boards and CEO duality find little evidence on top management compensation in comparison with other literatures. 　　Based on our results, we suggest firms should enforce the internal corporate governance and design an appropriate compensation system; furthermore, the authorities need to improve the degree of disclosure about top management compensation.