The event history analysis of financial-distressed firms in Taiwan
碩士 === 國立政治大學 === 統計研究所 === 91 === This study applies the event history analysis and the Cox regression model to examine the causes of firm delisting, and also compares the performance of the Cox regression model with that of the logit model in detecting factors that have a statistically signifi...
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ndltd-TW-091NCCU53370162015-10-13T17:01:57Z http://ndltd.ncl.edu.tw/handle/42626471364836101256 The event history analysis of financial-distressed firms in Taiwan 台灣股市中下市公司之預測—歷史事件研究法 蘇凡晴 碩士 國立政治大學 統計研究所 91 This study applies the event history analysis and the Cox regression model to examine the causes of firm delisting, and also compares the performance of the Cox regression model with that of the logit model in detecting factors that have a statistically significant impact on the delisting event. The empirical results show that the hazard rate of firm delisting increases with the ratio of current liabilities to current assets, a binary variable indicating if the total liabilities of a firm is greater than its total assets, and a binary variable indicating if the net income of a firm was negative for the last two quarters, while the hazard rate of firm delisting decreases with increases in the firm size and the ratio of funds provided by operations to total liabilities. Su-Fen Yang 江振東 2003 學位論文 ; thesis 31 en_US |
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碩士 === 國立政治大學 === 統計研究所 === 91 ===
This study applies the event history analysis and the Cox regression model to examine the causes of firm delisting, and also compares the performance of the Cox regression model with that of the logit model in detecting factors that have a statistically significant impact on the delisting event. The empirical results show that the hazard rate of firm delisting increases with the ratio of current liabilities to current assets, a binary variable indicating if the total liabilities of a firm is greater than its total assets, and a binary variable indicating if the net income of a firm was negative for the last two quarters, while the hazard rate of firm delisting decreases with increases in the firm size and the ratio of funds provided by operations to total liabilities.
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Su-Fen Yang |
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Su-Fen Yang 蘇凡晴 |
author |
蘇凡晴 |
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蘇凡晴 The event history analysis of financial-distressed firms in Taiwan |
author_sort |
蘇凡晴 |
title |
The event history analysis of financial-distressed firms in Taiwan |
title_short |
The event history analysis of financial-distressed firms in Taiwan |
title_full |
The event history analysis of financial-distressed firms in Taiwan |
title_fullStr |
The event history analysis of financial-distressed firms in Taiwan |
title_full_unstemmed |
The event history analysis of financial-distressed firms in Taiwan |
title_sort |
event history analysis of financial-distressed firms in taiwan |
publishDate |
2003 |
url |
http://ndltd.ncl.edu.tw/handle/42626471364836101256 |
work_keys_str_mv |
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