Capital Application and Business Cycle: Evidence from Taiwan stock market

碩士 === 國立勤益科技大學 === 資訊管理系 === 105 === Company affected by climate change, under the uncertain business cycle, companies need flexibility to adjust the use of funds, In order to avoid the occurrence of the case of cash flow problems. When financial distress, even a hundred years old stores may instan...

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Bibliographic Details
Main Authors: Chien-Yu Ku, 顧千渝
Other Authors: Ching-Lin Wang
Format: Others
Language:zh-TW
Published: 2017
Online Access:http://ndltd.ncl.edu.tw/handle/kf336z
Description
Summary:碩士 === 國立勤益科技大學 === 資訊管理系 === 105 === Company affected by climate change, under the uncertain business cycle, companies need flexibility to adjust the use of funds, In order to avoid the occurrence of the case of cash flow problems. When financial distress, even a hundred years old stores may instantaneously collapse, therefore, strengthen the capacity of financial management is that each operator will need to work. This study hopes under climate change, find out the boom associated financial indexes; provide funds to enterprises deploy appropriate scheduling, resources to achieve maximum benefit. The results show, when business indicators rises, Debt to Total Assets, Working Capital Ratio, Quick Ratio, Average inventory turnover days and Average Collection days, six financial indexes have more industry has shown an increasing trend, and the business indicator was the same to change. Return on total assets and Cash flow ratio has much industry showed a decreasing trend and business indicators showed a reverse change. So when the economy is at the bottom, need to improve the efficiency of asset applications and maintain a high cash flow. Economic impact is less affected food industry, automobile industry and building materials construction. Rubber industry and electronic components industry by the impact of greater fluctuations in the economy. The rest of the industry affected by the impact of the extent of the difference.