Financial Crisis, Capital Structure and Corporate Operations–A Case Study of Electrical Machinery Industry in Taiwan.
碩士 === 淡江大學 === 國際企業學系碩士在職專班 === 102 === Firstly, the use of event study analysis, view the third quarter of 2008 after the U.S. subprime mortgage financial crisis incident, Taiwan Electric Machinery Industry 12 samples of the company''s operating income, which suffered from the im...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/9mng78 |
| Summary: | 碩士 === 淡江大學 === 國際企業學系碩士在職專班 === 102 === Firstly, the use of event study analysis, view the third quarter of 2008 after the U.S. subprime mortgage financial crisis incident, Taiwan Electric Machinery Industry 12 samples of the company''s operating income, which suffered from the impact and recover the situation. Then, the sample companies be classified according to four different capital structure, comparing each class of the company in response to adverse external shocks performance.
Panel data analysis showed that the dependence on high bank credit company, its revenues have been less affected by the financial turmoil. Have a high equity ratio and accounts payable higher than companies enjoy the same response to the financial crisis shocks. The high dependence on long-term debt of the company is vulnerable to the negative impact of the financial crisis.
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