本研究主要探討上市櫃公司之家族成員董事、家族最終控制權、董事質押股票等家族控股特徵對高階經理人現金獎酬與績效關聯性之影響。將績效區分為會計績效與股價報酬績效，實證結果顯示：(1)會計績效上升或下降均會反應在高階經理人現金獎酬，股價報酬績效僅在上升時會反應在高階經理人現金獎酬。(2)家族最終控制權存在時，高階經理人現金獎酬與會計績效之關聯性呈現穩定變動狀態，而高階經理人現金獎酬與股價報酬績效之關聯性呈現不穩定變動狀態。(3)董事質押股票存在時，高階經理人現金獎酬與會計績效之關聯性和高階經理人現金獎酬與股價報酬績效之關聯性皆呈現穩定變動狀態。

The purpose of this study is to examine the relationship of senior management cash compensation and performance effected by family control characteristics of family directors、family ultimate control、collateralized shares by board of directors. This results analysis are as follows；(1) both of accounting performances on the rise or going down are responding to senior management cash compensation, stock return only going down is responding to senior management cash compensation .(2)when family ultimate control exiting, the relationship of senior management cash compensation and accounting performance changes steady., the relationship of senior cash compensation and stock return performance changes unsteady.(3)when collateralized shares by board of directors exiting, the relationship of senior management cash compensation and accounting performance changed steady, the relationship of senior management cash compensation and stock return performance changes steady.