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系統識別號 U0026-1207201217165700
論文名稱(中文) 高階經營團隊之長期薪酬、冒險傾向與公司績效:環境動態性及豐富性的調節效果
論文名稱(英文) TMT Long-term Compensation, TMT Risk Propensity, and Firm Performance: Moderating Effects of Environmental Dynamism and Munificence
校院名稱 成功大學
系所名稱(中) 國際經營管理研究所碩士在職專班
系所名稱(英) Institute of International Management (IIMBA--Master)(on the job class)
學年度 100
學期 2
出版年 101
研究生(中文) 李沅蓓
研究生(英文) Yuan-Pei Lee
學號 RA7994011
學位類別 碩士
語文別 英文
論文頁數 63頁
口試委員 指導教授-林豪傑
口試委員-張紹基
口試委員-莊智勳
中文關鍵字 高階經營團隊之長期薪酬  高階經營團隊之冒險傾向  公司績效  環境動態性  環境豐富性 
英文關鍵字 TMT long-term compensation  TMT risk propensity  Firm performance  Environmental dynamism  Environmental munificence 
學科別分類
中文摘要 本研究採用高層理論的角度來審查高階經營團隊之長期薪酬、冒險傾向,與公司績效之間的關聯性,並且探索環境動態性及豐富性對於高階經營團隊之冒險傾向和企業績效之間的調節作用。針對臺灣高階經營團隊大量取樣的結果顯示:高階經營團隊之薪酬對於公司績效有正面影響,其中高階經營團隊之冒險傾向扮演著直接和間接的調解者關係。此外,這項研究報告顯示:環境動態性對於高階經營團隊之冒險傾向及企業績效有負面調節作用。此研究對於高層理論有所貢獻,因為其結合了高階經營團隊之長期薪酬、心理特性和公司在不同環境下展現的財務績效!
英文摘要 This research employs the upper-echelons perspective to examine the associations between TMT long-term compensation, TMT risk propensity, and firm performance. The moderating effects of environmental dynamism and munificence on the relationship between TMT risk propensity and firm performance are explored as well. Research results based on a large sample collected from top management team (TMT) members in Taiwan show that TMT long-term compensation indeed produces positive effects on firm performance, both directly and indirectly, through the mediation of TMT risk propensity. Moreover, environmental dynamism reveals a negative moderating effect. The study contributes to the upper-echelons perspective by an integrated consideration of TMT compensation, TMT psychological property and their implications for firm financial performance within the broad contexts of business environments.
論文目次 ABSTRACT I
ACKNOWLEDGEMENTS III
TABLE OF CONTENTS IV
LIST OF TABLES VIII
LIST OF FIGURES IX
CHAPTER ONE INTRODUCTION 1
1.1 Research Background and Motivation. 1
1.2 Research Purposes and Contributions. 3
1.3 Research Processes. 5
CHAPTER TWO LITERATURE REVIEW 7
2.1 Perspective of Upper Echelons. 7
2.2 Perspective of Risk Taking Behavior. 10
2.3 Perspective of TMT Decision Making Process with Risk Involved. 11
2.4 Definition of Relevant Research Constructs. 13
2.4.1 TMT Long-Term Compensation. 13
2.4.2 Firm Performance. 14
2.4.3 TMT Risk Propensity. 15
2.4.4 Environmental Dynamism. 15
2.4.5 Environmental Munificence. 16
2.5 Relationships between Research Constructs. 16
2.5.1 TMT Long-Term Compensation and TMT Risk Propensity. 17
2.5.2 TMT Risk Propensity and Firm Performance. 17
2.5.3 Mediation of TMT Risk Propensity to TMT Long-term Compensation and Firm Performance. 18
2.5.4 Moderation of Environment Dynamism on TMT Risk Propensity and Firm Performance. 19
2.5.5 Moderation of Environment Munificence on TMT Risk Propensity and Firm Performance. 20
CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 22
3.1 Research Framework. 22
3.2 Sample and Data Collection. 23
3.3 Hypothesis to be Tested. 24
3.4 Constructs Measurements. 25
3.4.1 TMT Long-Term Compensation. 25
3.4.2 TMT Risk Propensity. 26
3.4.3 Firm Performance. 26
3.4.4 Environmental Conditions. 27
3.4.5 Control Variables. 27
3.5 Data Analysis. 28
3.5.1 Descriptive Statistic Analysis. 28
3.5.2 Confirmatory Factor Analysis. 28
3.5.3 Reliability Test. 29
3.5.4 Pearson Correlation Coefficient. 29
3.5.5 Hierarchical Multiple Regression. 30
CHAPTER FOUR RESEARCH RESULTS 31
4.1 Descriptive Statistic Analysis. 31
4.2 Confirmatory Factor Analysis. 35
4.2.1 Individual Constructs Model. 35
4.2.2 Full Measurement Model. 39
4.3 Reliability Test. 42
4.4 Mean, Standard Deviation, and Pearson Correlation. 43
4.5 Hierarchical Multiple Regression. 45
4.5.1 Mediator Effect. 45
4.5.2 Moderator Effect. 46
4.5.3 Control Variables. 49
CHAPTER FIVE CONCLUSION AND SUGGESTIONS 50
5.1 Discussion and Conclusion. 50
5.1.1 Theoretical Implications. 50
5.1.2 Managerial Implications. 53
5.2 Limitation and Suggestion. 53
REFERENCES 56
APPENDICES 60
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