| Summary: | 碩士 === 大葉大學 === 工業關係研究所 === 89 === This study found that the financial characteristics that affecting capital structure of corporations which investing in tax paradises are different from those which not investing in tax paradises. There are eight types to express variables of the financial characteristics that affecting corporations’ capital structure: the size of firms, the growth opportunity, the profitability, the business risk, the asset mortgaged value, the none-debt tax shield, the political risk and the foreign exchange exposure. We use multiple regression to examine the relationship between corporations’ capital structure and their financial characteristics.
The capital structure of corporations which investing in tax paradises are affected by the size of firms, the profitability, the asset mortgaged value and the none-debt tax shield. The capital structure of corporations which not investing in tax paradises are affected by the none-debt tax shield, and the asset mortgaged value.
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