The relationship between firm value and debt structure and ownership structure
碩士 === 國立中正大學 === 企業管理所 === 94 === The result of the effect of the firm value effect by debt structure and ownership structure is same when we discuss this subject separately. Loan will decrease value of firms and market leverage has negative relationship with value of firms. The equity own by the m...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2006
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| Online Access: | http://ndltd.ncl.edu.tw/handle/36972110223825529707 |
| Summary: | 碩士 === 國立中正大學 === 企業管理所 === 94 === The result of the effect of the firm value effect by debt structure and ownership structure is same when we discuss this subject separately.
Loan will decrease value of firms and market leverage has negative relationship with value of firms. The equity own by the member of board of directors, founding family members and managers will increase value of firms. But the shares hold by large shareholder will have negative relationship with firm value. The more shares own by individual investors the less firm value they have. The most special result is the equity ratio owned by foreign institute investors whose equity ownership has quadratic relationship with firm value.
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