The Determinants of Short Term Debt－A Case Study of Electric Machinery Industry
| Autor: | Chia-Ying Chen, 陳佳瑩 |
|---|---|
| Rok vydání: | 2014 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 102 The use of short term debt by Taiwan electric machinery industry was high over the past two decades. The short term debt ratio has however decreased over these years. This study investigates the determinants of short term debt ratio and the data spans from 1997 to 2012. The results indicate that agency cost can explain the high short term debt phenomenon. The higher the asset maturity and leverage ratio, the lower the short term debt ratio. Moreover, the higher the MB ratio and managerial ownership ratio, the higher the short term debt ratio. Secondly, the higher the R&D ratio, the lower the short term debt ratio. Finally, the higher the profitability, the lower the short term debt ratio. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|