會計評論  2022/07
會計評論第七十五期 (Vol.75)     137-180
DOI:10.6552/JOAR.202207_(75).0004  
薪酬委員會品質與CEO權力 對虧損公司董監事薪酬之影響  
The Impact of Compensation Committee Quality and CEO Power on Director and Supervisor Compensation in Loss-Making Firms
王登仕 / 靜宜大學會計學系
Teng-Shih Wang, Department of Accounting, Providence University

黃劭彥 / 國立中正大學會計與資訊科技學系
Shaio-Yan Huang, Department of Accounting and Information Technology, National Chung Cheng University

李懿洋 / 國立中正大學會計與資訊科技學系
Yi-Yan Lee, Department of Accounting and Information Technology, National Chung Cheng University

中文摘要
本研究主要檢視我國強制設立薪酬委員會後,薪酬委員會品質對虧損公司董監事薪酬增加之影響,同時檢視CEO權力在薪酬委員會品質與虧損公司董監事薪酬增加間扮演之角色。本研究透過2012至2017年之上市櫃公司資料發現,薪酬委員會品質愈佳以及CEO權力愈大時,愈能有效降低虧損公司董監事薪酬增加現象;然而,透過CEO權力與薪酬委員會品質交乘分析,以及CEO權力分群檢視薪酬委員會品質對虧損公司董監事薪酬增加之影響,本研究發現CEO權力愈大,薪酬委員會品質與虧損公司董監事薪酬增加呈現正向不顯著關係,此結果說明了當CEO權力愈大時,薪酬委員會品質對虧損公司董監事薪酬增加之影響較無抑制效果。
中文關鍵字薪酬委員會品質;CEO權力;董監事薪酬;虧損公司

英文摘要
This paper aims to investigate the effect of the quality of compensation committee on the self-interested board of directors after the establishment of mandatory compensation committee. Moreover, this paper investigates the role of CEO power in the relationship between compensation committee quality and the self-interested board of directors. From the data of listed companies between 2012 and 2017, we find that firms with better compensation committees and higher CEO power can reduce the phenomenon of loss making firms yet increasing their director and supervisor compensation. However, we also find that CEO power cannot moderate the relationship between the quality of a compensation committee and a board compensation increase in a loss-making firm. Our results demonstrate that when the CEO has greater power, the compensation committee is less effective to prevent the board of directors and supervisors in loss-making firms from gaining unreasonably high compensation.
英文關鍵字Compensation committee quality;CEO power;Compensation of the board of directors and supervisor;Loss-making firms