Motive of Employees Stock Bonus Plan in Taiwan’s High-tech Firms： Compensation or Incentive

• Main Authors: Yi-Chun Liu, 劉怡君
• Other Authors: Chih-Young Hung
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/08422992177920596799

碩士 === 國立交通大學 === 科技管理研究所 === 93 === Since 1980, Taiwan’s high-tech industries have speedy extensive growth, especially in the information technology sector. Profit sharing and employee stock ownership policies played an important role in Taiwan’s high-tech firms. There are many firms that have adopted profit sharing and employee stock ownership policies recent years, so we can find out some of evidence about the relationship between profit sharing and incentive. However, there’s no definite evidence to prove the relationship of profit sharing to incentive/compensation at the same time. The purpose of this thesis is to investigate the connection with profit and incentive/compensation. To analyze the relation within profit sharing and performance, we apply OLS regression methodology using samples from Taiwan listed high-tech companies of stock market from 2001 to 2003. Besides, we especially included an signal of operating performance to measure their relation objectivity. In short, we conclude the following contribution in this research： 1.In the point of compensation, employees can be shared profit from past one year achievement to present in all or operating performance. 2.In the point of incentive, we disagree that the past research which profit sharing has incentive effective. As we consider the incentive in operating performance, we found that they don’t have stable relationship. So we think the incentive is existence.