教師資料查詢 | 類別: 會議論文 | 教師: 李沃牆 Lee, Wo-chiang (瀏覽個人網頁)

標題:The Association between Finance Policy, Business Risk and Firm Growth Affect in Taiwan
學年103
學期2
發表日期2015/05/17
作品名稱The Association between Finance Policy, Business Risk and Firm Growth Affect in Taiwan
作品名稱(其他語言)
著者Lee, Joe-Ming; Lee, Wo-Chiang
作品所屬單位淡江大學財務金融學系
出版者淡江大學財務金融學系
會議名稱2015第十二屆兩岸金融市場發展研討會
會議地點新北市, 台灣
摘要This study applies the panel smooth transition regression (PSTR) model to investigate the non-linear dynamic relationship between firm growth and firm size in the Taiwan electronic information industry. Our empirical results reveal that firm growth and firm size present a non-linear relationship. Firm growth is different under the size threshold value and the control variables of firm age, business risk, debt, R&D, and free cash flow (FCF). The different firm size attributes of firm growth produce completely different business risks. We recommend that firms should measure business risk and firm growth. High leverage risk does not necessarily mean one will get a higher firm growth. In sum, the business risk is an important index when looking at firm growth.
關鍵字PSTR model; business risk; firm size; firm growth; free cash flow
語言英文(美國)
收錄於
會議性質
校內研討會地點
研討會時間20150517~20150517
通訊作者Lee, Joe-Ming
國別中華民國
公開徵稿
出版型式紙本
出處2015第十二屆兩岸金融市場發展研討會論文集
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!