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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/54871


    Title: The Choices of Capital Structure: Some Evidence from Taiwanese Electronic Firms
    Authors: Chang, Hsu-ling;Liang, Hsin-yu;Su, Chi-wei;Zhu, Meng-nan
    Contributors: 淡江大學國際貿易學系暨國際企業研究所
    Keywords: Capital structure;Trade-off theory;pecking order theory
    Date: 2010-11
    Issue Date: 2013-06-13 11:22:01 (UTC+8)
    Publisher: Lagos: Academic Journals
    Abstract: This study intends to examine the choices of capital structure from Taiwanese electronic firms.
    Empirical results here provide the evidence that Taiwanese electronic firms follow the different
    financing behavior depending on the level of profitability. This study adopts two separated processes:
    First, we adopt Panel Unit Root Tests and find that under the different profitability the firms have
    different financing behaviors. Second, we adopt the model of Watson and Wilson (2002) to determine
    the order of the capital. We find out that the firms with a high level of profitability support the pecking
    order theory but the firms with a low profitability turn to support the static trade-off theory. However,
    the firms with the medium profitability cannot have any significant results.
    Relation: African Journal of Business Management 4(15), pp.3332-3336
    Appears in Collections:[國際企業學系暨研究所] 期刊論文

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