Concave-convex effect of financial resilience on corporate financial performance: Quantile regression approach
學年 112
學期 1
出版（發表）日期 2023-10-06
作品名稱 Concave-convex effect of financial resilience on corporate financial performance: Quantile regression approach
作品名稱（其他語言）
著者 Wu, Kun-shan
單位
出版者
著錄名稱、卷期、頁數 Humanities and Social Sciences Communications 10,　654
摘要 This study not only aims to elucidate the curvilinear nexus between financial resilience (FR) and corporate financial performance (CFP) by drawing on the ‘too much of a good thing (TMGT)’ and ‘too little of a good thing (TLGT)’ effect but also attempts to examine whether the nonlinear relationship explains the conflicts found in previous findings. Data were analyzed from Taiwan publicly listed manufacturing firms amid the COVID-19 epidemic. Quantile regression approach results evidence that relationship between FR and CFP is of a concave-convex pattern. Moreover, the environmentally sensitive and non-sensitive firms are linked to CFP differently. The nexus between FR and CFP is concave for the environmentally sensitive firms, whereas the FR-CFP nexus is concave-convex for the environmentally non-sensitive firms. Overall, Taiwan’s manufacturing firms should carefully evaluate how capital is allocated to FR to avoid under- or over-investment in FR.
關鍵字
語言 en
ISSN 2662-9992
期刊性質 國外
收錄於 A&HCI Scopus
產學合作
通訊作者 Wu, Kun-shan
審稿制度 是
國別 DEU
公開徵稿
出版型式 ,電子版
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