| Summary: | 碩士 === 國立高雄第一科技大學 === 金融研究所 === 102 === This paper explores the relationship between the rewards of directors and supervisors and the stock returns using the following six financial holding companies, Mega Holdings, First Financial Holding, Cathay Financial Holdings, Fubon Financial, JihSun Holdings and Yuanta Financial Holdings. Analyzing the data via Excel, the results show that (1) the proportion of rewards of the directors and supervisors of JihSun Holdings is the highest, but the stock return is lowest. In contrast, the situation of Fubon Financial is the opposite of JihSun. (2) The proportion of the rewards of the directors and supervisors has no significant impact on the stock returns of that year and the following.
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