A Study On Cashflow-at-Risk
碩士 === 朝陽科技大學 === 財務金融系碩士班 === 94 === Basel II has carried on an immerse impact not only on financial industry but also on enterprises. For the financial industry, the increasing cost of credit investigation could reduce the profits of loans. Relatively, for the enterprises, to maintain financial st...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2006
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| Online Access: | http://ndltd.ncl.edu.tw/handle/18980700560863400157 |
| Summary: | 碩士 === 朝陽科技大學 === 財務金融系碩士班 === 94 === Basel II has carried on an immerse impact not only on financial industry but also on enterprises. For the financial industry, the increasing cost of credit investigation could reduce the profits of loans. Relatively, for the enterprises, to maintain financial status and credit records in a good shape becomes very crucial. However, there are few standard models for the evaluation of corporate risk and asymmetric information has existed nowadays. This study offers an evaluating model based on the corporate risk correctly and objectively.
It has been structured in order to analyze the cashflow-at-risk for the listed companies. Empirically, we show that unprofitable companies accompanied with high volatility of stock price and companies with low profitability are classified as the higher risk level. It is consistent to evaluate corporate risk under three performance analyses efficiently.
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