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博碩士論文 etd-0608118-143012 詳細資訊
Title page for etd-0608118-143012
論文名稱
Title
經理人能力與研發支出之關係探討
Managerial ability and R&D expenditure
系所名稱
Department
畢業學年期
Year, semester
語文別
Language
學位類別
Degree
頁數
Number of pages
62
研究生
Author
指導教授
Advisor
召集委員
Convenor
口試委員
Advisory Committee
口試日期
Date of Exam
2018-05-11
繳交日期
Date of Submission
2018-07-08
關鍵字
Keywords
經理人能力、研發支出、CEO能力、公司表現、公司成長機會
Managerial ability, R&D expenditure, Firm growth opportunity, Firm performance, MA score
統計
Statistics
本論文已被瀏覽 5745 次,被下載 127
The thesis/dissertation has been browsed 5745 times, has been downloaded 127 times.
中文摘要
現今,公司在面臨激烈的競爭時,為了從中脫穎而出,公司會投入更多資源用於研發費用 (R&D) 以獲得更多收益以及刺激公司成長。而 R&D 的大部分資源皆來自內部或外部融資,另外一部分資源則由管理人或者高階經理人提供。因此在本文中,我們認為經理人能力越強,所能提供的資源就越多。因此,本文中探討經理人能力和研發支出之間的關係。本文中,使用 Demerjian (2012) 所提出的 MA score 來評估經理人能力,並將其他公司特徵變數做為控制變量納入回歸式。最後,我們發現經理人能力與 R&D 正顯著,特別是對於融資限制高和公司規模較小的公司。此外,我們的實證結果中支持公司表現,成長機會和投資機會在研發活動中扮演重要的角色,取在公司規模小和融資限制高的公司中,我們的研究結果證實,財務槓桿對 R&D 具有很大的影響力,其結果在兩組回歸式中都是負顯著。
Abstract
Nowadays, under the fierce competition, the companies invest more resources into the Research and Development (R&D) expenditure to earn more benefit. Most of the resources are obtained from internal or external financing, besides, some of the resources are provided from the managers (CEO) or the supervisors. Next, we consider that the greater the managerial ability is, the more resources are provided. Therefore, I intend to investigate the relationship between managerial ability and R&D expenditure. In this paper, I use the MA score to evaluate the managerial ability and put other control variables of firm characteristics into regressions. In the end, we find that managerial ability is positively related to R&D, especially for financing constraint and small firm. Also, our evidences support that firm performance, growth and investment opportunity play significant role in R&D activities. In small firm and financial constraint firms, our results conclude that leverage is an important factor and the results are negatively significant in two groups.
目次 Table of Contents
論文審定書………………………………………………………….…i
論文公開授權書……………………………………………………ii
誌謝…………………………………………………………………......iii
中文摘要………………………………………………………………iv
Abstract………………………………………………………………..v

Introduction…………………………………………………………...1
Hypothesis……………………………………………………………..5
Methodology………………………………………………………...16
Data……………………………………………………………………....20
Empirical results………………………………………………....22
Conclusion…………………………………………………………….34
Reference……………………………………………………………...36
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