English  |  正體中文  |  简体中文  |  Items with full text/Total items : 52048/87179 (60%)
Visitors : 8880287      Online Users : 115
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/110768

    Title: 金融動盪、資本結構與企業營收 : 以臺灣地區高科技產業為例
    Other Titles: Financial turmoil, capital structure and corporate revenues : a case study of Hi-Tech industries in Taiwan
    Authors: 李怡蓉;Lee, Yi-Jung
    Contributors: 淡江大學國際企業學系碩士在職專班
    Keywords: 金融動盪;資本結構;企業營收;事件研究;financial turmoil;Capital Structure;corporate revenues;Event Study
    Date: 2016
    Issue Date: 2017-08-24 23:35:31 (UTC+8)
    Abstract: 本文旨在探索美國次級房貸風暴對高科技產業營業收益的影響以及資本結構對公司因應外來衝擊的優劣情勢。
    This thesis aims at exploring the roles played by the capital structures in helping companies coping with the adverse effects brought about by the financial turmoil. We examine operating revenues collected from 25 high-tech companies in Taiwan, comparing and testing their performance as well as exploring how their performance are affected by the different capital structures represented by the ratios of net worth, long term debts, short term debts and account payables to the total assets during the period of 2008 financial storm.
    Event study methodological approach is adopted to evaluate the consequences of the effects of the financial crisis whereas an autoregressive model is estimated using the pre-crisis revenues data of each of the 25 companies and then is used for calculating the abnormal revenues during the 24 months period immediate after the breaking out of the financial crisis on August 2008. The abnormal revenues are the focus of the empirical studies.
    Empirical studies involve with comparing and testing the performance of each companies during the event dates, and is regressed on the four capital structures indicators to find out how these indicators is affecting the performance of the sample companies.
    Our estimations have shown that account payables significantly affect positively the performance of the high-tech industry in the short run, meaning that companies with good relationships with their upstream suppliers are easier to cope with the negative effects of the financial storm. The relationships between all four capital structure variables and the business revenues disappeared in the long run.
    Appears in Collections:[國際企業學系暨研究所] 學位論文

    Files in This Item:

    File Description SizeFormat

    All items in 機構典藏 are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback