| Summary: | 碩士 === 國立中央大學 === 人力資源管理研究所 === 102 === This study is to explore the impact of the profit sharing on firm performance in Taiwan after expensing employee bonus from 2008, and the study divides the way of bonus into cash bonus and stock bonus to explore respectively; moreover, firm performance is measured by productivity, ROA and Tobin's Q in this study. In addition, the study tends to explore the size of firms and the level of employee stock bonus used by firm before expensing employee bonus, both of which will have the mediation effect for the impact of the profit sharing on firm performance.
The sample data is collected from Taiwan Economic Journal database (TEJ) during 2008 to 2011, which is based on secondary data of all listed companies in Taiwan. The number of total firms in this study is 1,347 listed companies, and among these companies, there are 341 listed companies belong to traditional industry, 778 listed companies belong to high-tech industry, and 230 listed companies belong to service industry.
The results of this study point out that whether cash bonus or stock bonus, they are both still able to improve firm performance, but there are diffirent effects in each industry and in different firm performance measurements.Furthermore, the level of employee stock bonus used by firm before expensing employee bonus will negatively affect the impact of the profit sharing on firm performance, especially in high-tech industry. And the size of firm will negatively affect the impact of the profit sharing on firm performance, especially in high-tech industry and service industry.
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