English  |  正體中文  |  简体中文  |  Items with full text/Total items : 51483/86598 (59%)
Visitors : 8246589      Online Users : 93
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/31641

    Title: 企業實施員工認股權制度與績效之關聯性研究
    Other Titles: The relationship between the employee stock option and the firm performance
    Authors: 顏嘉慶;Yen, Chia-ching
    Contributors: 淡江大學財務金融學系碩士在職專班
    顧廣平;Ku, Kuang-ping
    Keywords: 員工認股權;營運績效;投資績效;異常報酬;長期績效;Employee stock option;operation performance;investment performance;Abnormal Returns;long-term performance
    Date: 2008
    Issue Date: 2010-01-11 01:04:58 (UTC+8)
    Abstract: 本研究係以2001年至2003年間宣告發行員工認股權憑證之上市(櫃)公司為研究對象,運用各種不同的績效衡量方法來探討宣告發行員工認股權憑證之長期營運及投資績效。
    The long run operating and investment performance of issue the employee stock option of common stock listed on TSE and the OTC market in Taiwan was studied, the period was from 2001 to 2003. Different performance measurement methods were discussed in the study.
    The result of study is pointed out, after the company of Taiwan declares that issues the employee stock option evidence, the operation performance revealed that had the highest av-erage rate of returns in the first year after issuing, later there was trend of declining. Com-pared with the same industry, examine the apparent level which is lower than the same in-dustry of definite value in its earning capacity. In addition the efficiency of assets keep growing, and apparent better than same trade.
    We found if the long-term investment performance adopt different long-term abnor-mal return method , will produce different abnormal return and examine result. In all meth-ods, the value of most long-term abnormal return is negative, and also have positively ab-normal return which is not apparent. So examine from statistical hypothesis, we don’t have identical and sufficient evidence to assert: The long-term abnormal phenomenon of the stock return after issuing the employee stock option of sample company is existent.
    Finally, the result of the sensitivity analysis discovers that after the sample company no matter listed or went to the TSE and OTC companies in Taiwan or which year the company issued the employee stock option that could not improve its earning capacity apparently and still lower than the same industry of long-term operation performance. Long-term investment performance is still unable to obtain identical and sufficient evidence to assert: The long-term abnormal phenomenon of the stock return after issuing the employee stock option of sample company is existent.
    Appears in Collections:[財務金融學系暨研究所] 學位論文

    Files in This Item:

    File SizeFormat

    All items in 機構典藏 are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback