政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78858

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113451/144438 (79%)
Visitors : 51341101 Online Users : 181

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/78858

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78858

Title:	Investigation of Target Capital Structure for Electronic Listed Firms in Taiwan
Authors:	Nieh, Chien-Chung;Yau, Hwey-Yun;Liu, Wen-Chien 劉文謙
Contributors:	財管系
Keywords:	Capital;Capital Structure;Earnings;Firm;Shareholder;Shares
Date:	2008-07
Issue Date:	2015-10-02 16:50:23 (UTC+8)
Abstract:	This paper investigates the existence of an optimal debt ratio for the electronic listed firms in Taiwan, using balanced panel data for a sample of 143 selected electronics companies listed in the Taiwan Stock Exchange (TSE) from the first quarter of 1999 to the third quarter of 2004. The result shows that there is a single threshold effect of debt ratio on firm value when return on equity (ROE) is used to proxy firm value. Furthermore, based on our combined findings of ROE and earnings per share (EPS) triple threshold estimations, we find that the appropriate debt ratio range for the electronic listed firms in Taiwan should not be over 51.57 percent or below 12.37 percent. To ensure and enhance the firm`s value, the optimal range of debt ratio should be within 12.37 percent and 28.70 percent. The implications of the findings for financial managers and shareholders` welfare are discussed.
Relation:	Emerging Markets Finance and Trade, 44(4), 75-87
Data Type:	article
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
75-87.pdf		512Kb	Adobe PDF2	511	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...