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Nien-Chi Liu
 
Office : Building II, College of Management 906
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Research Field
• Strategic human resource management
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• Organizational diagnosis and change
Research Field Summary
The Effects of Non-expensed Employee Stock Bonus on Firm Performance: Evidence from Taiwanese High-Tech Firms

Liu, Nien-Chi, Chen, Ming-Yuan & Wang, Mei-Ling
2016
British Journal of Industrial Relations


【Abstract】
The choice of whether to expense broad-based stock incentives has been a highly controversial debate in both academic research and practice circles. We provide insightful findings to reconcile certain debates regarding the effectiveness of non-expensed, broad-based stock incentives. Using a unique longitudinal dataset from Taiwanese high-tech firms over the 1997 to 2008 period, our results indicate that non-expensed employee stock bonus incentives exerted positive effects on short-term organizational value-added creation. The dilution effects of broad-based stock incentives in Taiwan, however, exerted a negative influence on profitability and eroded share return. The negative effects were even more severe in the following year, and overexploitation of employee stock bonus also damaged the long-term organizational performance of Taiwanese high-technology firms. This negative aspect of non-expensed employee stock incentives resulted in more evidence for changing the regulatory context of broad-based stock incentives in Taiwan.

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Conference Paper
  1. Lin, Y, Liu, N. and Lin. J. (2019, Jun), Firms’ adoption of CSR initiatives and employees’ organizational commitment: Organizational CSR climate and employees’ CSR-induced attributions as mediators, 2019 Asia Academy of Management & Taiwan Academy of Management Joint Conference, Bali, Indonesia.
  2. Liu, N., Hsu, C. and Lin. Y. (2019, Jun), The impacts of employee stock bonus on employment stability: Empirical evidences from Taiwanese listed firms, 2019 Asia Academy of Management & Taiwan Academy of Management Joint Conference, Bali, Indonesia.
  3. Ho, J. and Liu, N. (2018), Rethinking CSR Disclosure with Evolutionary Perspective: An Empirical Study of Taiwanese Publicly-Traded Companies, 2018 International Association for Business & Society (IABS) annual meeting, Hong Kong, China.
  4. Lin, J., Liu, N. and Lin I. (2018), The Employees’ Attribution of Corporate Social Responsibility (CSR) of a Firm: The Moderating Role of Organizational CSR Climate, 2018 International Association for Business & Society (IABS) annual meeting, Hong Kong, China..
  5. Chang, H. and Liu, N. (2018), The Changing Faces of Global Staffing Policies in Taiwanese Multinationals (MNEs), International Labor and Employment Relations Association (ILERA) World Congress 2018, Seoul, Korea. .
  6. Liu, N. and Huang, S. (2018), Adoption and Abandonment of Employee Stock Incentives in Taiwanese Enterprises – The Impacts of the Expensing Employee Stock-based Compensation, International Labor and Employment Relations Association (ILERA) World Congress 2018, Seoul, Korea..
  7. Liu, N. and Lin. Y. (2017), Can Organizational Corporate Citizenship Climate Promote Employees’ Organizational Citizenship Behaviors? An Examination of Mediating Mechanisms, paper presented at 2017 Asia Academy of Management & Taiwan Academy of Management Joint Conference, Kitakyushu City, Fukuoka, Japan..
  8. 劉念琪與劉雯中 (2017), 工作家庭措施與與工作家庭衝突:個人工作家庭區隔觀點, 2017 AAoM & TAoM 聯合研討會發表,日本福岡。.
  9. Lin, Y & Liu, N. (2017), Corporate Citizenship and Employee Outcomes: Does High Performance Work System Matter?, paper presented at 2017 Asia Academy of Management & Taiwan Academy of Management Joint Conference, Kitakyushu City, Fukuoka, Japan..
  10. Chiang, P. & Liu, N. (2017), A Model of Linkages Between Perceived Accessibility of Work Family Practices and Turnover Intentions: Work-Family Conflict and Stress as Mediators, paper presented at 2017 Asia Academy of Management & Taiwan Academy of Management Joint Conference, Kitakyushu City, Fukuoka, Japan..
  11. 張宏梅, 劉念琪, 童秋萍 (2016), 我國多國籍企業回任政策與回任管理措施現況研究, 論文發表於2016臺灣組織與管理學會(TAOM)年會暨研討會, 新竹, 台灣。.
  12. Liu, W. and Liu, N. (2016), When Are Job Resources Helpful to Reduce Work Family Conflict? The Moderating Role of Employees' Preference for Segmentation, Paper accepted for presentation in the Competitive Section of at the 68th Annual Meeting of Labor and Employment Relations Association (LERA), May, Minneapolis, U.S.A. .
  13. LLiu, N. and Lin, Y. (2015), HPWPs, Management Team Flexibility, Employee' Attitudes toward Flexibility and SOCBs, Paper accepted for presentation in 2015 Academy of Management Annual Meeting. August, Vancouver, Canada.
  14. Yang, I. W. F. & Liu, N. C. (2015), Distributive and Procedural Justice in a Change Context: The Moderating Role of Empowerment Change, Paper accepted for presentation in 2015 Academy of Management Annual Meeting. August, Vancouver, Canada.
  15. Lin, Y. and Liu, N. (2015), High Performance Work Systems and Organizational Service Performance: The Roles of Different Organizational Climate, paper accepted for presentation in 2015 Asia Academy of Management Biannual Meeting. June, Hong Kong, China.
  16. Liu, N. and Wang, C. (2014), A Double-Edged Sword: The Effects of Human Resource Flexibility on Work-Family Conflict, Paper presented at the Competitive Section of at the 66th Annual Meeting of Labor and Employment Relations Association (LERA), May, Portland, U.S.A..
  17. Yang, I. W. F. & Liu, N. C. (2014), When Money Talks Louder in Change Context: Exploring the Three-way Interaction Effect of Justice Perceptions and Empowerment., Paper presented at the 66th Annual Meeting of Labor and Employment Relations Association (LERA), May, Portland, U.S.A..
  18. Yang, I. W. F., & Liu, N. C. (2013), The Dynamic Process of Employees’ Atitude Changes: A Gainsharing Intervention, Paper presented at the 56th Annual Meeting of the Midwest Academy of Management, October, Milwaukee, U.S.A..
  19. Liu, N. and Yang, I. W.F. (2013), The Change Process of Implementation of Gainsharing in a Retailing Company, paper presented in 2013 Beyster Fellowship Symposium. June, San Diego, U.S.A..
  20. Liu, N and Ben-Ner A. (2012), The Use of Employee Stock Incentives – From a Corporate Governance Perspective, paper presented in 2012 Academy of Management Annual Meeting. August, Boston, U.S.A..
  21. Liu, N., Lin, Y., and Wang C. (2012), Employee Participation in Corporate Citizenship Activities: A Policy-Capturing Approach, paper presented in 2012 Academy of Management Annual Meeting. August, Boston, U.S.A..
  22. Liu, N, Chou, S. and Wang C. (2011), Achieving Organizational Effectiveness through Human Capital Acquisition HRM Practices, 19th Annual International Conference of the Association on Employment Practices and Principles (AEPP), October, Honolulu, USA..
  23. 劉念琪、王志袁 (2011), The Effects of Work-Life Bundles on Organizational Turnover and Productivity - An Empirical Study of Taiwanese Enterprises, 組織人管論壇暨人管學報專刊研討會,國立彰化師範大學,中華民國,彰化。.
  24. Liu, N. and Wang C. (2011), The Dual Effects of Human Resource Flexibility on Employees’ Work-Family Conflict, 2011 Academy of Management Annual Meeting. August, San Antonio, U.S.A..
  25. Liu N. and Wang, C. (2010), Internalization vs. Externalization of Human Capital Strategy: A Trust Climate Perspective, 18th Annual International Conference of the Association on Employment Practices and Principles (AEPP), October, San Francisco, USA. (Best Paper Award).
  26. Liu, N. and Wang, M. (2010), The Effects of Non-expensed Employee Stock Bonus on Firm Performance: Evidence from Taiwanese High-Tech Firms, 2010 Academy of Management Annual Meeting. August, Montreal, Canada.
  27. Liu, M. and Liu, N. (2009), Impact of Knowledge Governance Mechanisms on Individual Knowledge Creation Behavior, 2009 Academy of Management Annual Meeting. August. Chicago, USA.
  28. Liu, N., Liu, W. and Wang, C. (2008 ), The Effects of Work-Life Bundles on Organizational Turnover and Productivity, Academy of Management Annual Meeting. August. Anaheim, USA.
  29. Liu, M, and Liu, N. (2008 ), Sources of Knowledge Acquisition and Patterns of Knowledge Sharing Behaviors in R&D Context, Academy of Management Annual Meeting. August. Anaheim, USA.
  30. Liu, N. and Hung, K. (2008), The Role of Human Resource Department on the Adoption of High Performance Work Practices, IAMB 2008 Conference. January. San Diego, USA.
  31. Liu, N. and Lin W. (2008), Psychological Ownership through Employee Ownership and Empowerment, Academy of Management Annual Meeting. August. Anaheim, USA.
  32. Liu, N. and Hsu, B. (2008), Gender, Gender-Role Egalitarian Attitudes, and Work-Family Conflict – An Examination for Dual-Earner Couples in Taiwan, 2008 Asia Academy of Management Meeting, December, Taipei, Taiwan.
  33. Liu, N. and Liu, M. (2007), Human Resource Practices and Individual Knowledge Sharing Behavior, Academy of Management Annual Meeting. August. Philadelphia, USA.
  34. Liu, N. and Wang, C. (2007), Searching for a Balance: Work Team Design, Work-Family Practices, and Organizational Performance, Academy of Management Annual Meeting. August. Philadelphia, USA.
  35. Liu, N. and Liu, M. (2006), How can Organizations Encourage Individual Knowledge Sharing Behavior: An Empirical Study for Taiwanese R&D Professionals, The R&D Management Conference, Nov., Taipei and Hsinchu, Taiwan.
  36. Liu, N. and Wang, M. (2006), The Asymmetric Effects of Employee Stock Incentives on Organizational Performance, Academy of Management Annual Meeting. August. Atlanta, USA.
  37. Liu, N., Lin, A., and Lin, C. (2006), Why Do Employees Keep Their Vested Stocks While They Can Sell Them?, Academy of Management Annual Meeting. August. Atlanta, USA.
  38. Tan, D., Hung, S. and Liu, N. (2004), International entry under uncertainty and institutional forces: an empirical study, Academy of Management Annual Meetings. August. New Orlean, USA.
  39. Dan, C. Hung, S. and Liu, N. (2004), Foreign Direct Investment Under Uncertainty, 2004 Academy of Management Conference, August 2004, New Orleans, USA .
  40. Liu, N. and Ben-Ner, A. (2003), Toward a Theory of Organization of Work With an Emphasis on "Innovative”, Human Resources Practices paper accepted for presentation at the 13th World Congress of IIRA, Sep. 2003, Berlin, German.
  41. Hsu, P. and Liu, N. (2003), Gender, Gender-Role Attitudes, and Work-Family Conflict: Moderating Effects of Supervisory Support, paper accepted for presentation at the 13th World Congress of IIRA, Sep. 2003, Berlin.
  42. Chang, A. and Liu, N. (2003), Multiple Perspectives on Organizational Learning – A Summary of Literature, Paper presented at the Academy of Human Resource Development annual conference 2003, Minneapolis, USA.
  43. Liu, N. and Wang, M. (2002), Profit Sharing and Firm Performance: An Empirical Investigation in the High-Tech Industry in Taiwan, paper presented at the International Employee Financial Participation Association Bi-annual Conference 2002, July 2002, Belgium, Belgium.
  44. Liu, N., Hung, S. C. and Tan, D. (2002), Knowledge Transfer and Vendor Selection in a High-Tech Capital Equipment Market, paper presented at the R&D Management Conference 2002, July 2002, Leuven, Belgium.
  45. Hung, S. C., Liu, N. and Chang, J. B. (2002), The Taxonomy and Evolution of Technology Strategies in Taiwan High Technology-Based Firms, paper accepted for presentation at the R&D Management Conference 2002, July 2002, Leuven, Belgium.
  46. Tang, D. Hung, S. & Liu, N. (2002), Entry Timing of Foreign Direct Investments in Emerging Economies, paper presented at 2002 Strategy World Congress, March 2002, Oxford, U.K.
  47. 劉念琪與范姜如萱 (2001), "員工分紅入股制度對組織生產力之影響:以台灣地區上市電子公司為例", 台灣高科技產業人力問題研討會, 2001年4月, 國立中央大學, 中華民國,中壢。.
  48. Liu, N. (2001), “Task Attributes and The Employees' Knowledge Capture Behavior - An Empirical Investigation at the High-tech Industrial Park in Taiwan”, paper presented at the R&D Management Conference 2001, February 2001, Wilmington, New Zealand.
  49. Liu, N. (2001), “Where Is Knowledge Workers' Applicable Knowledge Acquired from? - An Exploratory Investigation in Hsin-Chu Science Industrial Park”, paper presented at Industrial Relations Research Association 2001 Annual Meeting, January 2001, New Orleans, USA.
  50. 徐超明,劉念琪 (2000), 科技人員外派之成功因素探討, 2000年中華民國科技管理研討會論文集,2000年12月, 中華民國科技管理學會,中華民國,新竹。.
  51. Liu, N and Ben-Ner, A. (1999), "The Cost of Agency: The Effect of Managerial Stockholdings on Employee Participation in Company Financial Returns," with Avner Ben-Ner, presented at Academy of Management 1999 Annual Meeting, August 1999, Chicago, USA.
  52. Ben-Ner, A., Kong, F., and Liu, N. (1999), "Workplace Organization and Human Resource Practices: The Retail Food Industry", presented at The Taipei International Conference on Labor Market Transition and Labor Migration in East Asia, June, 1999, The Institute of Economics, Academia Sinica, Taipei, Taiwan.
  53. Ben-Ner, A., Han, T. and Liu, N. (1999), "The Effects of the Organization of Work on Firm Performance: An Empirical Investigation of Productivity and Profitability", presented at The Taipei International Conference on Labor Market Transition and Labor Migration in East Asia, June, 1999, The Institute of Economics, Academia Sinica, Taipei, Taiwan.
  54. 劉念琪 (1999), 以組織認知觀點討論實體技術與組織技術的聚合, 1999科技整合管理研討會, 東吳大學商學院 中華民國, 台北.
  55. Ben-Ner, A., Kong, F., Bosley, S., Burns, W. A., Butler, R., Han, T. Z. Liu, N. and Park Y. S. (1998), "Workplace Organization and Human Resource Practices: The Retail Food Industry", with presented at "Understanding the Service Workplace" conference, October 1998, Wharton Business School, University of Pennsylvania, USA.
Journal Paper
  1. 陳欣琪、蔣娉華、劉念琪 (已被接受), 科技不確定性、工作不安全感與工作壓力:以無疆界職涯傾向為干擾變項, 東吳經濟商學學報.
  2. Liu, N. & Lin, Y. (Accepted), High-Performance Work Systems, Management Team Flexibility, Employee Flexibility and Service Oriented Organizational Citizenship Behaviors, International Journal of Human Resource Management (SSCI). .(MOST 100-2410-H-008-057-NY2. 本人為第一作者. 管理一學門推薦期刊)
  3. Lin, Y & Liu, N. (2019), Corporate Citizenship and Employee Outcomes: Does a High Commitment Work System Matter?, Journal of Business Ethics, 156(4), pp 1079–1097.(MOST 102-2410-H-008-034-SSS. 國科會管理一學門推薦期刊)
  4. 張宏梅、劉念琪、童秋萍 (2018), 台灣籍多國企業回任管理之現況與策略, 產業與管理論壇.(20:1)
  5. Lin, Y. and Liu, N. (2016), High Performance Work Systems and Organizational Service Performance: The Roles of Different Organizational Climate, International Journal of Hospitality Management, 55, Pp. 118-128, DOI information: 10.1016/j.ijhm.2016.04.005.(SSCI, 5-year Impact Factor 2.519, MOST 100-2410-H-008-057-MY2)
  6. Liu, N., Chen, M. & Wang, M. (2016), The Effects of Non-expensed Employee Stock Bonus on Firm Performance: Evidence from Taiwanese High-Tech Firms, British Journal of Industrial Relations, 54(1), Pp 30-54. doi: 10.1111/bjir.12051.(SSCI, 國科會管理一學門推薦期刊, NSC 98-2410-H-008-003)
  7. Liu, N.-C. & Liu, W.-C. (2014), The effects of quality management practices on employees' well-being., Total Quality Management & Business Excellence, 25(11), Pp.1247-1261.(SSCI)
  8. 劉念琪、周淑儀、王志袁 (2013), Achieving Organizational Effectiveness through Human Capital Acquisition Practices – The Moderating Effects of Environment Turbulence and Knowledge Sharing Climate, 人力資源管理學報, 13(3), Pp.1-25。(TSSCI).
  9. 劉敏熙、劉念琪 (2013), 知識治理機制對個人知識管理行為的影響—從所有權觀點探討, 組織與管理,6(1), Pp.1-58 (TSSCI) (國科會管理一學門推薦期刊).
  10. 王志袁、劉念琪 (2011), 研發投入、研發組織管理與研發績效, 商略學報,3(4),Pp.269-280.
  11. Liu, N. & Wang C. (2011), The Effects of Work-Life Bundles on Organizational Turnover and Productivity, 人力資源管理學報, 11(3), Pp.75-95。(國科會計畫編號NSC 92-2416-H-008-031-SSS)(TSSCI).
  12. Liu, N. & Wang, C. (2011), Searching for a Balance: Work Team Design, Work-Family Practices, and Organizational Performance, International Journal of Human Resource Management. 22(10), Pp. 2071-2085.(國科會計畫編號NSC  97-2410-H-008-007-)(SSCI) (國科會管理一學門推薦期刊).
  13. Liu, N & Liu, M. (2011), Human Resources Practices and Individual Knowledge Sharing Behavior: An Empirical Study for Taiwanese R&D professional, International Journal of Human Resource Management, 2(4), Pp. 981-997. (國科會計畫編號NSC 90-2416-H-008-021)(SSCI) (國科會管理一學門推薦期刊).
  14. 劉念琪,王志袁,劉雯中 (2010), 工作與家庭措施之使用度、知覺組織支持與員工工作態度關聯性之探討, 組織與管理,3(1),Pp.1-26。 (國科會管理一學門推薦期刊)(2011 TSSCI).
  15. Liu, N., Lin, A., and Lin, C. (2009), Why Do Employees Keep Their Vested Stocks While They Can Sell Them?, International Journal of Human Resource Management. Vol. 20(1), Pp.148-163.(國科會計畫編號 NSC 93-2416-H-008-026-SSS)(SSCI) (國科會管理一學門推薦期刊).
  16. 劉念琪,洪光宗,陳立莊 (2008), The Strategic Role of Human Resource Department on the Adoption of High Performance Work Practices: An Empirical Examination in the MNCs' Subsidiaries in Taiwan, 管理科學與統計決策,5(2), Pp.59-71. (國科會計畫編號NSC 95-2416-H-008-007-).
  17. Liu, M. & Liu, N. (2008), Sources of Knowledge Acquisition and Patterns of Knowledge Sharing Behaviors- An Empirical Study of Taiwanese High-Tech Firms, International Journal of Information Management, Vol.28(5).pp.423-432. (國科會計畫編號NSC 90-2416-H-008-021)(SSCI).
  18. Tang, D, Hung, S. and Liu, N. (2007), The Timing of Entry into a New Market: An Empirical Study of Taiwanese Firms in China, Management and Organization Review, 3(2), Pp.227-254 (SSCI) (國科會管理一學門推薦期刊).
  19. 劉念琪,葉桂珠,林俊宏 (2005), 企業激勵薪酬設計因子對組織吸引力之影響-以高科技產業新進研發人員為例, 中原企管評論,3(1),Pp.61-88.
  20. 劉念琪,龐寶璽,林俊宏 (2005), 人力資源管理研究在台灣:十年(1993-2002)回顧與展望, 人力資源管理學報,5(3),Pp.107-137.
  21. 劉念琪、洪世章、譚丹琪 (2003), Knowledge Transfer as a Distinct Criterion on Vendor Selection Decisions, 科技管理學刊,8(4),Pp. 111-128。(國科會管理一學門推薦期刊).
  22. Hung, S.C., Liu, N. and Chang, J.B. (2003), The Taxonomy and Evolution of Technology Strategies: A Study of Taiwan’s High-Technology-Based Firms, IEEE Transactions on Engineering Management, 50(2), Pp.219-227. (SSCI) (國科會管理一學門推薦期刊).
  23. 劉念琪 (2003), 組織內智慧資本創造之理論探討, 中國行政評論,12卷2期, 頁117-136。(TSSCI 觀察名單)(國科會計畫編號NSC 89-2416-H-008-047).
  24. 劉念琪、洪世章、譚丹琪 (2003), 知識移轉能力:選擇供應商時之重要時策因素, 科技管理學刊,8(4), Pp.111-128。(國科會管理一學門推薦期刊).
  25. 劉念琪與韓君豪 (2002), 探索知識工作者專業知識之取得 - 以新竹科學園區工業工程專業人員為例, 管理學報,19(6),Pp.1045-1071. (TSSCI) (國科會管理一學門推薦期刊).
  26. Ben-Ner, A., Kong, F., Han, T., Liu, N. and Park, Y.  (2001), The Organization of Work: Changes and Their Consequences, The Nordic Journal of Political Economy, 27(2), Pp.121-134. (EconLit).
  27. 王志袁,劉念琪 (2001), 研發投入、研發組織管理與研發績效, 商略學報,3(4),Pp.269-280.
  28. Liu, N. & Wang, C. ( 2011), Searching for a Balance: Work Team Design, Work-Family Practices, and Organizational Performance, International Journal of Human Resource Management. 22(10), Pp. 2071-2085.(國科會計畫編號NSC  97-2410-H-008-007-)(SSCI) (國科會管理一學門推薦期刊).
Book
  1. 劉念琪 (2014), 勞動彈性與員工福祉-人力資源管理觀點。回顧與前瞻:勞動基準法施行30週年論文集(ISBN:978-986-04-3997-7)(121-137), 台北: 台灣:中華民國勞動部。.
  2. 劉念琪,蔣娉華,張宏梅 (2014), 台港兩地策略人力資源管理研究比較初探。台港兩地人文、社會、經濟發展之比較(ISBN:978-986-04-1026-6)(234-273), 中壢: 台灣:國立中央大學香港研究中心。.
  3. 劉念琪 (2013),  “員工幸福感: 由抽象到具體” 經濟部人才快訊. (http://itriexpress.blogspot.tw/2013/10/blog-post_769.html), .
  4. 劉念琪 (2012),  “不確定年代下的組織變革”  於李誠主編之「人力資源管理的十二堂課-全新第四版」, 台北,中華民國:天下遠見出版有限公司。.
  5. 劉念琪 (2010), 「建立訓練成效評估追蹤制度之研究」, 考試院公務人員保障暨培訓委員會。.
  6. 辛炳隆、劉念琪、胡愈寧 (2009), 「新經濟頻譜下女性專業人才的機會與挑戰研究」, 經濟部產業專業人才發展推動辦公室計畫。.
  7. 劉念琪 (2006), "變動時代的組織變革與發展", 於李誠主編之「人力資源管理的十二堂課-全新第三版」,台北,中華民國 :天下遠見出版有限公司。.
  8. 劉念琪 (2002), "組織變革的三分鐘思考", 於李誠主編之「人力資源管理的十二堂課-全新修訂版」,台北,中華民國 :天下遠見出版有限公司。.
  9. 劉念琪與范姜如萱 (2001), 員工分紅入股制度對組織生產力之影響:以台灣地區上市電子公司為例, 於李誠主編之「高科技產業人力資源管理」,台北,中華民國 :天下遠見出版有限公司。.
  10. Ben-Ner, A., Kong, F., Bosley, S., Burns, W. A., Butler, R., Han, T. Z. Liu, N. and Park Y. (2000), Workplace Organization and Human Resource Practices: The Retail Food Industry, Working Paper 00-01, The Retail Food Industry Center, University of Minnesota.
  11. Ph.D. Thesis (1998), Determinants of Innovative Human Resource Practices and Systems, Ph.D. dissertation, University of Minnesota, June, 1998.
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