剩餘舉債能力、企業規模和成立時間對台灣電子業投資的影響

The Influence of Residual Debt Capability, Firm Size, and Established Years on Investment of Taiwan Electronic Industry

洪羽璇(Yu-Syuan Hong)

指導教授 ： 戴錦周

共同指導教授 ： 賴煒曾(Wei-Tseng Lai)

國立臺中科技大學/商學院/財務金融研究所碩士班/碩士(2019年)

摘要

本文旨在探討剩餘舉債能力、企業規模和成立時間對企業投資支出率的影響，以2010至2016年，台灣電子業上市櫃公司為樣本，進行分析。本文根據企業規模、企業成立時間等進行分組，進一步比較企業投資之差異。實證結果顯示:剩餘舉債能力對企業投資支出率有顯著負向的影響。上市企業的剩餘舉債能力之邊際效果(絕對值)大於上櫃企業，大企業的剩餘舉債能力之邊際效果(絕對值)大於小企業，成熟企業的剩餘舉債能力之邊際效果(絕對值)大於年輕企業。

關鍵字

剩餘舉債能力 ； 企業規模 ； 企業成立時間 ； 投資支出

並列摘要

This paper aims to explore the influence of residual debt-bearing capacity, firm size and establishment time on the corporate investment expenditure rate. The listed companies in Taiwan electronic industry were taken as the samples for the analysis.
In order to compare the differences in the efficiency of corporative investment, grouping in this paper was made by the reasons of the size of the company and the time of establishment of the company.
The empirical results show that the remaining debt-raising capacity has a significant negative influence on the investment expenditure rate of enterprises. The marginal effect (absolute value) of the Residual debt capacity of listed companies is greater than that of the upper-counter enterprises. The marginal effect (absolute value) of the Residual debt capacity of large enterprises is greater than that of small enterprises. The marginal effect (absolute value) of the Residual debt capacity of mature enterprises is greater than that of young enterprises.

並列關鍵字

Residual debt capacity ； company size ； company establishment time ； investment expenditure

參考文獻

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