| Summary: | 碩士 === 國立東華大學 === 會計與財務碩士學位學程 === 103 === This paper examines whether upper executives’ compensation, corporate governance, and different industries and business environment, by Taiwanese companies is associated with R&;D expenditures. The study period is 2010 to 2014. The empirical method is regression analysis and this study finds that：(1) When Upper executives’ compensation is underpaid, they will cut down R&;D expenditures. (2) When upper executives’ compensation is underpaid, the behavior of cutting down R&;D expenditures will be depressed in R&;D intensive firms. (3) When upper executives’ compensation is underpaid, the behavior of cutting down R&;D expenditures will be depressed in family firms. (4) Good corporate governance can increase R&;D expenditures.
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