| The Choices of Capital Structure: Some Evidence from Taiwanese Electronic Firms | |
|---|---|
| 學年 | 99 |
| 學期 | 1 |
| 出版（發表）日期 | 2010-11-01 |
| 作品名稱 | The Choices of Capital Structure: Some Evidence from Taiwanese Electronic Firms |
| 作品名稱（其他語言） | |
| 著者 | Chang, Hsu-ling; Liang, Hsin-yu; Su, Chi-wei; Zhu, Meng-nan |
| 單位 | 淡江大學國際貿易學系暨國際企業研究所 |
| 出版者 | Lagos: Academic Journals |
| 著錄名稱、卷期、頁數 | African Journal of Business Management 4(15), pp.3332-3336 |
| 摘要 | This study intends to examine the choices of capital structure from Taiwanese electronic firms. Empirical results here provide the evidence that Taiwanese electronic firms follow the different financing behavior depending on the level of profitability. This study adopts two separated processes: First, we adopt Panel Unit Root Tests and find that under the different profitability the firms have different financing behaviors. Second, we adopt the model of Watson and Wilson (2002) to determine the order of the capital. We find out that the firms with a high level of profitability support the pecking order theory but the firms with a low profitability turn to support the static trade-off theory. However, the firms with the medium profitability cannot have any significant results. |
| 關鍵字 | Capital structure;Trade-off theory;pecking order theory |
| 語言 | en |
| ISSN | 1993-8233 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Su, Chi-wei |
| 審稿制度 | |
| 國別 | NGA |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/54871 ) |
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