The characteristics of a firm to engage in private equity：A study of Taiwan listed companies

• Main Authors: Hsiang-Lan Yen, 顏香蘭
• Other Authors: Shu-Ching Chou
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/t7rgb6

碩士 === 國立雲林科技大學 === 財務金融系 === 104 === This study investigates how a firm’s characteristics influence a firms’ decision to adopt private equity by using a sample of Taiwanese public firms of year 2004 to 2012. This study classifies funding companies into venture capital companies and insurance companies. The results show that companies with higher firm performance in prior year periods and lower debt ratio attract more investment from venture companies, while companies with lower performance but larger fixed assets and firm size attract more investment from insurance companies. The findings provide evidence that private equity investors have different preference in investment.