員工分紅對股價的影響-以賽局分析

• Main Authors: Kao ,Tin, 高廷
• Other Authors: Shieh,Shwu-Jane
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/38454410470512720726

碩士 === 國立政治大學 === 國際貿易研究所 === 94 === Profit sharing is an important instrument for the entrepreneurs to reward their employees. There are many disputes over this issue because of its particular accounting method. Many researchers have devoted themselves to econometric analysis of profit sharing empirically, but there is deficient in the theoretical model about this topic. In this thesis, we will build a reputation effect game theory to model profit sharing, and obtain a separating equilibrium, in which the profit sharing is a good signal to distinguish good managers and bad managers. Moreover, we reach the conclusion that stock price and profit sharing have a negative relation.