組織氣候影響組織文化與工作滿意度之研究

The Research of Organizational Climate Influence Organizational Culture and Job Satisfaction

私募制度規定應募人須遵守閉鎖期即自該私募交付日起滿三年才能自由買賣及轉讓之規定，而公司以私募方式進行招募資金，參與私募者皆為機關法人或專業投資人，故引進之資金具有外部監督效果，由於過去國內較少在探討私募制度之閉鎖期前後對該私募公司經營績效的影響，以及討論公司之外部監督效果是否發揮作用。本研究自台灣經濟新報資料庫（TEJ）取得私募及財務相關資料，以資產報酬率（ROA）、股東權益報酬率（ROE）、每股盈餘（EPS）、銷售報酬率（ROS）來衡量經營績效的變化，並且以股價超額報酬來衡量股價投資報酬，計算私募前二年、私募當年、私募後六年共九個年度進行探討公司進行私募前後經營績效及股價報酬的變化，再進一步探討閉鎖期前後各三年度，私募公司經營績效及股價報酬的變化。 Because of regulations to the private system, applicants should adhere to the rules for lock-up period , which means that securities can be freely traded and transferred since the delivery date of the private placement for three years. As all applicants should be corporate bodies or professional investors when a corporate raises funds through the private placement, the introduced funding could play a supervisory role. Due to fewer domestic researches that study how the lock-up period affects the corporate performance for private placement and if the external supervisory roles work. This study has access to the data for private placement and financial intelligence from TEJ to evaluate the management performance via ROA, ROE, EPS, ROS and ROI, this study also measures the returns on stock value by stock excess returns, the sum is nine years include two-year-ago to six-year-later from private placement year, which assess performance and changes of stock prices around the private placement and lock-up period.

Everyone has their own personality even managers and staffs also all managers and staffs are in the same organization so they have same goal as well, all members create consensus of organizational culture after long cooperation. All members get used to the style and attitude of work and then job satisfaction promoted by understanding organizational culture. Enterprise has its operation style and premeditated organizational climate therefore members comprehend organizational climate mean support enterprise concept that lead to job satisfaction increased. Furthermore, members feel trust and support which the enterprise offered that make members work more hard. This this work suppose the enterprise raise degree of job satisfaction by organizational trust, organizational culture and organizational climate created, when members feel satisfied with job would pay reciprocally effort for business performance enhanced. This work find out organizational culture would affect organizational climate and organizational culture and organizational climate would affect organizational trust and job satisfaction. It seems like organizational culture is the main factor to affect job satisfaction. Stuffs understand organizational so that agreement leads to job satisfaction, however each company has its own operation style and created organizational climate, when stuffs feel understanding means support and positive influence organizational climate. The company exhibits the trust to stuffs for their support and believe brings about stuffs work more hard to feedback to the company. This work sum up the company could job satisfaction enhancement by organizational culture, organizational climate and organizational trust, because stuffs have well job satisfaction would pay effort to rise up performance.