教師資料查詢 | 類別: 期刊論文 | 教師: 汪美伶 Wang, Mei-ling (瀏覽個人網頁)

標題:The Effects of Non-Expensed Employee Stock Bonus on Firm Performance: Evidence from Taiwanese High-Tech Firms
學年104
學期2
出版(發表)日期2016/03/01
作品名稱The Effects of Non-Expensed Employee Stock Bonus on Firm Performance: Evidence from Taiwanese High-Tech Firms
作品名稱(其他語言)
著者Nien-Chi Liu; Ming-Yuan Chen; Mei-Ling Wang
單位
出版者
著錄名稱、卷期、頁數British Journal of Industrial Relations 54(1), pp.30-54
摘要The choice of whether to expense broad-based stock incentives has been a highly controversial debate in both academic research and practice circles. We provide insightful findings to reconcile certain debates regarding the effectiveness of non-expensed, broad-based stock incentives. Using a unique longitudinal dataset from Taiwanese high-tech firms over the 1997–2008 period, our results indicate that non-expensed employee stock bonus incentives exerted positive effects on short-term organizational value added creation. The dilution effects of broad-based stock incentives in Taiwan, however, exerted a negative influence on profitability and eroded share return. The negative effects were even more severe in the following year, and overexploitation of employee stock bonus also damaged the long-term organizational performance of Taiwanese high-tech firms. This negative aspect of non-expensed employee stock incentives resulted in more evidence for changing the regulatory context of broad-based stock incentives in Taiwan.
關鍵字
語言英文
ISSN1467-8543
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,電子版
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