對於投資大眾而言,光電產業發展不可小覷,產業結構也逐年完整,然而有發展潛力的產業總是最吸引人的,因此投資大眾最關心的每股盈餘(EPS)作為本研究變數之一。對於公司資金運用而言,光電產業最注重的是資金的流動速度,因此公司最關心的資產的報酬率(ROA)與股東權益報酬率(ROE)也作為本研究變數之一。利用逐步回歸法、變異數分析與多元迴歸法找出與研究變數最有影響力的財務指標。本研究期間從2001年第四季至2011年第四季共計40季,廠商家數8家總共250筆樣本資料。研究結論如下所述: 1. 站在投資者的角度上,光電產業的淨利與盈餘是最重要的;換句話說,產業未來的發展與獲利能力是投資者最為看重的目標。不論這十家光電產業主推什麼產品,都必須把焦點放在平面顯示器、LED與太陽光電上面才有較大的發展與獲利。 2. 站在公司資金運用的角度上,光電產業必須具有快速還款與解決快速消耗庫存的能力;也就是說,生產與銷貨數量拿捏要精準,銷貨所產生的資金能夠快速沖銷帳款,讓所謂資金運用能夠達到極大化。 3. 站在股東權益運用成效上,資產的投資獲益能力就是關鍵指標。
For the investors, the development of optoelectronics industry should not be overlooked and which industrial structure is grow step by step. Moreover, having the development potential of the industry is always the most attractive. Therefore, the investors are most concerned about earnings per share (EPS) which is one of the variables of this study. According to the usage of company funds, the optoelectronics industry is focus on the rate of cash flow. Therefore, the return of the assets (ROA) and return on equity (ROE) are the other most concerned variables of this study. We used the data period from the fourth quarter of 2001 to the fourth quarter of 2011, including 8 firms, a total of 250 samples of data. The conclusions are as follows: 1. Standing on the investor point of view, the net income and earnings of the optoelectronics industry are the most important factors; In other words, the future development and profitability of the industry are the most important goals of investors. 2. Standing on the usage of the company capital point of view, the optoelectronics industry must have ability to rapid repayment and ability to address the rapid consumption of inventory; In other words, the production and the volume of sales must much and in time, the funds generated by sales could quickly write off accounts payable, so that usage of capital could achieve the maximization utility. 3. Standing on the shareholders point of view, the investment benefit of the asset capability is a key indicator.