The Effects of Restricted Stock Awards on Firm Performance and Earnings Management_

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題名：	The Effects of Restricted Stock Awards on Firm Performance and Earnings Management
書刊名：	管理與系統
作者：	戴怡蕙／王盈傑
作者(外文)：	Tai, Yi-hui／Wang, Ying-chieh
出版日期：	2018
卷期：	25:1
頁次：	頁87-113
主題關鍵詞：	限制員工權利新股；企業績效；盈餘管理；Restricted stock awards；Firm performance；Earnings management
原始連結：	連回原系統網址
相關次數：	被引用次數:期刊(1) 博士論文(0) 專書(0) 專書論文(0) 排除自我引用:0 共同引用:0 點閱:6

過去台灣研究鮮少探討限制員工權利新股制度對企業績效的影響，且美國研究亦少討論限制型股票權利(restricted stock units)及限制型股票薪酬(restricted stock awards)的特性。本研究旨在探討與績效連結之限制員工權利新股制度對企業績效及盈餘管理之影響。研究結果顯示，與績效連結之限制員工權利新股制度提供經理人誘因去改善企業績效；然而，不論係定義盈餘管理為實質盈餘管理抑或是應計盈餘管理，與績效連結之限制員工權利新股制度和盈餘管理行為間都沒有關連性。

以文找文

The literature has rarely investigated the effect of restricted stock awards on firm performance, with even studies in the U.S. not often discussing their characteristics or those of restricted stock units. This study thus investigates the relationship between the adoption of restricted stock awards tied to performance on both firm performance and earnings management. The empirical results show that adopting restricted stock awards tied to performance provides executives with an incentive to increase firm performance. However, no matter if we define earnings management as real earnings management or accruals management, there is no correlation between the adoption of restricted stock awards tied to performance and earnings management.

以文找文

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