Profit Sharing and Firm Innovation Performance: An Empirical Investigation of the High-Tech Industry in Taiwan

碩士論文[[abstract]]員工分紅入股制度是台灣企業特有的一項薪資激勵制度，許多研究結果顯示，員工分紅入股制度對於台灣高科技產業發展，具有關鍵性的影響效果，再加上知識經濟時代來臨，創新成了企業競爭優勢最重要的來源之一，有據於此，本研究欲進一步探討員工分紅入股制度對於無形的企業創新績效是否亦能產生正面的影響效果，並探究其間的遞延效果關係。 本研究以366家國內上市上櫃的高科技公司為研究對象，利用1991到2000年的專利及財務資料，以企業每年申請獲准的專利權總數與平均每年每位員工的專利產量（創新率）作為企業創新績效的代理變數，以平均每位員工獲得的現金分紅、股票分紅面值、市值作為員工分紅入股制度實施情形的代理變數，並以此針對國內高科技產業採行分紅入股制度對於企業創新績效的影響效果，進行縱橫資料分析。 研究結果顯示，企業實施員工分紅入股制度確實會對企業創新績效產生正面顯著影響。進一步探究其間的遞延效果發現，企業創新績效受分紅入股投入影響的遞延效果，從落後一期至落後四期均顯著。本研究建議，企業應盡量將分紅入股制度與研發工作、創新活動相結合，如此才能確保員工有意願長期且持續的對創新投注心力，獲得更佳的創新績效。[[abstract]]Profit sharing is a unique system of compensation motivation in Taiwan. There are many studies concerning about the effects of profit-sharing plans on development of high-tech industry in Taiwan. Furthermore, because the age of knowledge economy comes, “Innovation” has become the most important asset for enterprises. Thus, the current study would like to examine the profit sharing system has positive effect to the industries’ invisible innovation performance. With the experiment based on high-tech industries in Taiwan, current study would investigate the relationship and lagged effect between profit sharing and firm innovation performance. An empirical research is conducted in an attempt to determine whether profit sharing system has positive effect to the efficiency of the business innovation. Patent and Financial data from 1991 to 2000 of the 366 local in stock market high technology companies are collected and analyzed. Significant result is obtained by using Panel Data; there is a positive effect by the profit sharing system to the efficiency of the business innovation. In addition, when analyzing the lagged effect of the business, there is a significant difference in the first four years of those businesses who started the profit sharing system as the reinforcement for the employees. Therefore, the study suggests that firms should emphasize R&D and innovation activity so that employees may strive for innovation and get higher performance