The Influence of Different Types of Cash Flows on Firm Performance-Mixture Regression Method
碩士 === 東吳大學 === 國際經營與貿易學系 === 105 === This study uses the mixture regression model to analyze the heterogeneity of relationships between the cash flows and the firm performances on he sample of Taiwan’s listed companies and OTC companies. Based on the ICL index, the mixture regression model separate...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/2jddhk |
| Summary: | 碩士 === 東吳大學 === 國際經營與貿易學系 === 105 === This study uses the mixture regression model to analyze the heterogeneity of relationships between the cash flows and the firm performances on he sample of Taiwan’s listed companies and OTC companies. Based on the ICL index, the mixture regression model separates the relationships between EPS, ROE, ROA and cash flows into two different types of companies. The two classes companies’ cash flows have the different influences on the above firm performances. Using the company’s stock rate of return as performance, the mixture regression model gets the same results like the traditional multiple regression analysis. The empirical analytic outcomes show that the listed and OTC companies had the different relationships between cash flows and firm performances. The results indicated the different management implications on Taiwan’s companies.
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