English  |  正體中文  |  简体中文  |  Items with full text/Total items : 52047/87178 (60%)
Visitors : 8718549      Online Users : 205
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/987654321/33749

    Title: 人力資本投資與企業價值關聯性之研究
    Other Titles: Human capital investment and firm value
    Authors: 李明德;Lee, Ming-te
    Contributors: 淡江大學會計學系碩士班
    林谷峻;Lin, Ku-jun;曹嘉玲;Chao, Chin-ling
    Date: 2005
    Issue Date: 2010-01-11 04:30:30 (UTC+8)
    Abstract: 本文從人力資本資本化與否,探討人力資本對企業價值的影響。以國內上市上櫃公司為實證對象,不同於以往文獻,本文將人力資本依Chen and Lin (2004)提出的僱用模式分為兩群(一般員工與董監事),驗證企業盈餘是否受過去人力資本投資而產生效益,並依據Feltham and Ohlson (1995) 及 Bernard (1995) 的股價評價模式,比較人力資本資本化與費用化的評價模式特性。依此,本文針對國內上市上櫃企業一般員工人力資本投資和上市上櫃董監事人力資本投資是否具有遞延效益進行檢測,以了解國內企業人力資本投資遞延效益的情況。並且,針對人力資本支出資本化的會計基礎股票評價模式與費用化的評價模式進行檢測,以了解人力資本支出資本化的會計基礎股票評價模式是否比費用化的評價模式,對企業市場價值的預測有比較高的準確度。
    (3)依據Feltham and Ohlson (1995) 的股價評價模式,發現資本化並無明顯較費用化的處理,提供更多的股價攸關資訊給投資人。
    This paper investigated whether the capitalization of human capital investment influences firm values. We first classified Taiwan listed companies’ employees into two groups (i.e. general employees, directors and officers) and then explored the relationship between companies’ historical human capital investment and reported earnings. Then, based on Feltham and Ohlson’s (1995) and Bernard’s (1995) valuation models, this study examined whether the prediction accuracy of valuation model with human capital capitalized was greater than that with human capital expended.
    The major findings of this study are as follows:
    (1) Human capital investment on the listed firms’ general employees does not affect future earnings substantially.
    (2) The benefits of human capital investment on the listed orporations’ directors and officers are realized after one year but no later than two years. On average, additional NT$1 investment on the humnan capital can increase earnings over NT$2.
    (3) Capitalizing human capital does not provide a greater amount of value-relevant information to investors than expensing human capital.
    The research can provide insights to corporations in making decisions on human capital investment, and to accounting professional organizations in setting accounting standards.
    Appears in Collections:[會計學系暨研究所] 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