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壹、個人簡介
陳明園  教授
Ming-Yuan Chen
個人簡歷
美國加州大學洛杉磯分校經濟學博士
專長領域
組織經濟、人力資源經濟、公司治理、數量方法、個體計量
研究室
管理學院第二館740室
校內分機
+886-3-4227151#66153
專線電話
電子郵件
mychen@mgt.ncu.edu.tw
研究摘要
Employment Adjustment and Controlling-Minority Ownership Structures: Providing Evidence for Stewardship Governance

 
Employment Adjustment and Controlling-Minority Ownership Structures: Providing Evidence for Stewardship Governance
作者:Ming-Yuan Chen, Wei-Ting Chiu
出版日期:2017, Forthcoming
出版刊物:CESifo Economic Studies (SSCI)

【Abstract】This study investigates the influence of controlling-minority ownership structures (CMSes) on the employment adjustment of firms. We propose that entrepreneur-operated CMS firms typically develop a stewardship governance structure, which relies heavily on the social and psychological context of trust between management and employees, and demands employment stability. Accordingly, firms with more deeply ingrained CMSes are expected to have a lower employment adjustment speed. By applying a partial adjustment model to a sample of Taiwanese firms, we show that firms continually adjust to achieve a target employment level. The empirical proxy variables for the extent of CMSes are negatively related to the adjustment speed, particularly among firms with above-target employment or having consecutive periods of loss. Our results are robust after considering the assumption of lump-sum adjustment behavior.

Keywords: employment adjustment; controlling-minority ownership structures; stewardship; partial adjustment model

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貳、期刊論文
1995~迄今發表者
  1. Ming-Yuan Chen, Wei-Ting Chiu (2017), Employment Adjustment and Controlling-Minority Ownership Structures: Providing Evidence for Stewardship Governance, CESifo Economic Studies, Forthcoming.(SSCI)
  2. Nien-Chi Liu, Ming-Yuan Chen, Mei-Ling Wang (2016), The Effects of Non-expensed Employee Stock Bonus on Firm Performance: Evidence from Taiwanese High-Tech Firms, British Journal of Industrial Relations, Vol.54, No.1, P.30-P.54.(SSCI)
  3. Ming-Yuan Chen (2014), Determinants of Corporate Board Structure in Taiwan, International Review of Economics and Finance, Vol. 32, P.62-P.78.(SSCI)
  4. Ming-Yuan Chen (2013), Adjustments in Managerial Ownership and Changes in Firm Value, International Review of Economics and Finance, Vol. 25, P.1-P.12.(SSCI)
  5. Ming-Yuan Chen (2012), Entry Mode Choice and Performance: Evidence from Taiwanese FDI in China, Emerging Markets Finance and Trade, Vol. 48, No.3, P.31-P.51.(SSCI)
  6. Ming-Yuan Chen, Jing-Yun Chang (2010), The Choice of Foreign Market Entry Mode: An Analysis of the Dynamic Probit Model, Economic Modelling, Vol. 28, No.1-2, P.439-P.450.(SSCI)
  7. Ming-Yuan Chen (2010), The Components of Managerial Pay Adjustments and Their Impact on Firm Performance, The Manchester School, Vol. 78, No. 6, P.582-P.608.(SSCI)
  8. Ming-Yuan Chen (2010), Managerial Compensation and R&D Investments: The Role of the External Managerial Labour Market, International Review of Applied Economics, Vol. 24, No. 5, P.553-P.572.(EconLit)
  9. Ming-Yuan Chen (2010), Managerial Pay Adjustments: Decomposition and Impact on Firm Productive Efficiency, Economic Modelling, Vol. 27, No. 1, P.196-P.207.(SSCI)
  10. Ming-Yuan Chen (2006), Managerial Ownership and Firm Performance: An Analysis Using Switching Simultaneous-Equations Models, Applied Economics, Vol. 38, No. 2, P.161-P.181.(SSCI)
  11. 陳明園、張家萍 (2006), 高階經理人薪酬變動之決定因素, 經濟論文叢刊, 第34輯, 第3期, P.285-P.316.(TSSCI)
  12. Ming-Yuan Chen (2005), Technology Adoption in Response to Changes in Market Conditions: Evidence from the U.S. Petroleum Refining Industry, Economics of Innovation and New Technology, Vol. 14, No. 8, P.735-P.756.(EconLit)
  13. Ming-Yuan Chen (2005), Group Affiliation, Identity of Managers, and the Relation between Managerial Ownership and Performance, International Review of Financial Analysis, Vol. 14, No. 5, P.533-P.558.(SSCI)
  14. 胡名雯、陳明園、江雅玲 (2005), 臺灣中小企業赴大陸投資傾向之比較與分析, 企銀季刊, 第28卷, 第1期, pp.159-174.
  15. 陳明園、石雅慧 (2004), 高階經理人薪酬—代理理論與競賽理論之實證研究, 臺大管理論叢, 台大管理學院出版, 第15卷, 第1期, pp.131-166.(TSSCI)
  16. Chen, Ming-Yuan (2003), The Survival and Growth of U.S. Petroleum Refineries in Response to Changes in Market Conditions, Journal of Energy and Development, Volume 29, Number 1, pp.115-146.(EconLit)
  17. Ming-Yuan Chen (2002), Survival Duration of Plants: Evidence from the U.S. Petroleum Refining Industry, International Journal of Industrial Organization, Vol. 20, No. 4, P.517-P.555.(SSCI)
參、研討論文
1995~迄今發表者
  1. Ming-Yuan Chen (2016), Employment Adjustment and Controlling-Minority Structures, Western Economic Association International 91th Annual Conference, Portland, Oregon, USA.
  2. Ming-Yuan Chen, Chia-Jung Li, Tzu-Jung Tseng (2015), Effect of Employee Downsizing on Firm Performance: Considering Endogeneity When Assessing Strategy Performance, Western Economic Association International 90th Annual Conference, Honolulu, Hawaii, USA.
  3. Nien-Chi Liu, Ming-Yuan Chen, Shu-Yi Chou (2013), Mediating Effect of Human Resource Strategy between Board Composition and Firm Performance -Contingency Approach, Annual Conference on Social Studies, Communication and Education, Okinawa, Japan.
  4. Ming-Yuan Chen, Shu-Yi Chou (2012), The Determinants of the Size and Composition of Taiwan Corporate Boards, Western Economic Association International 87th Annual Conference, San Francisco, California, USA.
  5. Ming-Yuan Chen (2008), Managerial Pay Adjustments: Decomposition and Impacts on Firm Productive Efficiency, 台灣經濟學會2008年年會.
  6. Ming-Yuan Chen (2007), The Components of Managerial Pay Adjustments and Their Impacts on Firm Performance, 台灣經濟學會2007年年會.
  7. Ming-Yuan Chen (2007), Managerial Compensation and R&D Investments: The Role of External Managerial Labor Market, 第八屆全國實證經濟學論文研討會.
  8. 陳明園、張家萍 (2005), 高階經理人薪酬變動之決定因素, 第六屆全國實證經濟學論文研討會.
  9. 陳明園、劉靜容 (2003), 經理人股權與公司績效:內生轉換聯立方程式模型之分析, 第四屆全國實證經濟學論文研討會.
  10. Ming-Yuan Chen (2000), Survival Duration of Plants: Evidence from the U.S. Petroleum Refining Industry, Taipei International Conference on Industrial Economics, Academia Sinica.
  11. 胡名雯、陳明園、江雅玲 (2000), 臺灣中小企業赴大陸投資傾向之比較與分析, 兩岸管理科學學術研討會, 淡江大學與上海復旦大學.
  12. Ming-Yuan Chen (2000), Deregulation and Restructuring: The Case of U.S. Petroleum Refining Industry, 中央研究院產業及區域經濟學術研討會.

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肆、出版專書
1995~迄今發表者
  1. Chen, Ming-Yuan (1998), Capacity Restructuring and Technology Adoption: The Case of U.S. Petroleum Refining Industry, Ph.D. Dissertation, Department of Economics, UCLA.

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伍、研究計畫

學年度

研究計畫名稱

研究計畫經費

補助單位

105 企業縮編策略之研究 610,000 科技部
105 分項四:新經濟時代之管理研究次分項計畫1: 新經濟時代企業治理之研究、子項計畫2:人力資源與科技治理 748,250 科技部
104 組織人力精簡與績效關聯性之研究 758,000 科技部
102 雇用調整與公司治理結構 703,000 科技部
102 董事會結構調整速度之決定因素 456,000 科技部
099 經理人股權、財務績效與生產效率 (二年期) 896,000 國科會
098 對外投資進入模式選擇之決定因素與績效 743,000 國科會
096 薪資誘因、財務績效與生產效率:外部經理人勞動市場的角色 (二年期) 1,438,000 國科會
095 廠商研發投資與高階經理人薪資之關係 708,000 國科會
095 廠商研發創新與公司治理 (補助科學與技術人員國外短期研究) 275,250 國科會
094 高階經理人薪酬:成因與後果之實證研究 402,000 國科會
093 公司重建策略的選擇與效能之實證分析 525,000 國科會
092 公司重整時間長短之二元競爭危險期間分析 640,700 國科會
091 大股東持股與廠商績效:內生轉換迴歸模型之分析 648,800 國科會
090 經理人持股與企業控管 514,500 國科會
089 經理階層薪酬與競賽理論:台灣廠商的實證研究 368,700 國科會
089 不佳績效與公司監管:內部重整與外部控制之競爭風險存續期間分析 482,085 國科會

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