會議論文

學年 99
學期 2
發表日期 2011-02-26
作品名稱 On Study of the Relationship between TCRI and Technical Inefficiency
作品名稱(其他語言)
著者 Hwang, Ruey-ching; Siao, Jhao-siang; Deng, Wen-shuenn
作品所屬單位 淡江大學統計學系
出版者 Singapore: International Economics Development and Research Center (IEDRC)
會議名稱 International Conference on Economics and Finance Research (ICEFR 2011)
會議地點 Singapore
摘要 In this paper, a stochastic frontier model with firmspecific technical inefficiency effects in a panel framework (Battese and Coelli, 1995) is used to examine whether a firm with better Taiwan Corporate Credit Risk Index (TCRI) provided by Taiwan Economic Journal attains higher technical efficiency. A special design matrix of discrete ordinal variables is used to study the effects of TCRI on technical inefficiency for firms in Taiwan under the two control variables, firm's age and size. Our empirical result shows that a firm with better TCRI generally has higher technical efficiency. Combining the result with the fact that economic-based efficiency measures are reasonable indicators of the long-term health and prospects of firms (Baek and Pagán, 2002), we conclude that TCRI is a good credit risk proxy for firms in Taiwan.
關鍵字 Discrete ordinal variable;Issuer credit rating;Panel data;Stochastic frontier model;Technical efficiency
語言 en
收錄於
會議性質 國際
校內研討會地點
研討會時間 20110226~20110228
通訊作者
國別 SGP
公開徵稿 Y
出版型式 紙本
出處 International Conference on Economics and Finance Research (ICEFR 2011),pp.303-307
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/69216 )

機構典藏連結