教師資料查詢 | 類別: 會議論文 | 教師: 鄧文舜 Deng Wen-shuenn (瀏覽個人網頁)

標題:On Study of the Relationship between TCRI and Technical Inefficiency
學年
學期
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
語言英文
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
國別新加坡
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
SDGs
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