The Effect of Compensation on Firm Performance After Expensing Employee Bonus
碩士 === 國立彰化師範大學 === 商業教育學系 === 99 === This study examines the effect of employee compensation (including equity-based compensation and cash) on return on assets and Tobin’s Q after expensing employee bonus. Using a sample of Taiwan listed and OTC companies in the period 2003-2010, we find that compe...
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| Format: | Others |
| Language: | zh-TW |
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2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/83657257285282968241 |
| Summary: | 碩士 === 國立彰化師範大學 === 商業教育學系 === 99 === This study examines the effect of employee compensation (including equity-based compensation and cash) on return on assets and Tobin’s Q after expensing employee bonus. Using a sample of Taiwan listed and OTC companies in the period 2003-2010, we find that compensation have a negative impact on the performance measures for our sample companies. Moreover, we further discuss effect of compensation on firm performance every year after expensing year. The most results are the same as before, but some is not significant.
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