| Summary: | 碩士 === 東吳大學 === 國際貿易學系 === 93 === According to previous studies of industry risk, they almost focus on the operating risk analysis of individual industry. This paper will try to discuss industry risk in the view of entire industry to analyze industry risk.
This paper constructs a model to discuss the relationship of industry market risk, industry credit risk, industry competitive degree, and industry risk.
The subjects of this study are all public-listed companies in Taiwan. The sample period started from 2000 to 2004. We use fixed effect model to deal with panel data.
The empirical results indicate that the bigger to look on as the risk of industry market risk, then more industry risk is; the more the industrial structure competitiveness, then the higher industry's risk is; the greater industry's credit risks are, the greater industry's risk is.
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