The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency
碩士 === 國立暨南國際大學 === 財務金融學系 === 98 === The pecking order theory declares that the cost of capital of internal fund is minimum. The internal funds, rather than external funds, will be the first priority for companies. Using the sample of 663 listed firms on Taiwan Stock Exchange, we find that companie...
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2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/59389300389847542745 |
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ndltd-TW-097NCNU03040292016-04-25T04:26:48Z http://ndltd.ncl.edu.tw/handle/59389300389847542745 The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency 公司內部融資用於實體投資及其投資效率之研究 Yu-Tai Chen 陳有泰 碩士 國立暨南國際大學 財務金融學系 98 The pecking order theory declares that the cost of capital of internal fund is minimum. The internal funds, rather than external funds, will be the first priority for companies. Using the sample of 663 listed firms on Taiwan Stock Exchange, we find that companies with much expected investments will retain more internal funds in advance. Moreover, these investments are efficient significantly. Chien-An Wang 王健安 2010 學位論文 ; thesis 85 zh-TW |
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NDLTD |
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zh-TW |
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Others
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NDLTD |
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碩士 === 國立暨南國際大學 === 財務金融學系 === 98 === The pecking order theory declares that the cost of capital of internal fund is minimum. The internal funds, rather than external funds, will be the first priority for companies. Using the sample of 663 listed firms on Taiwan Stock Exchange, we find that companies with much expected investments will retain more internal funds in advance. Moreover, these investments are efficient significantly.
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| author2 |
Chien-An Wang |
| author_facet |
Chien-An Wang Yu-Tai Chen 陳有泰 |
| author |
Yu-Tai Chen 陳有泰 |
| spellingShingle |
Yu-Tai Chen 陳有泰 The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency |
| author_sort |
Yu-Tai Chen |
| title |
The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency |
| title_short |
The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency |
| title_full |
The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency |
| title_fullStr |
The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency |
| title_full_unstemmed |
The Study of Using Firm’s Internal Finance to Support Real Investment and Investment Efficiency |
| title_sort |
study of using firm’s internal finance to support real investment and investment efficiency |
| publishDate |
2010 |
| url |
http://ndltd.ncl.edu.tw/handle/59389300389847542745 |
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