兩岸上市紡織業的信用風險探討
碩士 === 東吳大學 === 國際經營與貿易學系 === 96 === The research is chiefly focused on the listed companies of Texiltile Industry--- totally 46 companies from Taiwan Stock Exchange Market and 62 companies from Shares A/B in the stock market in Shanghai and Shenzhen during 2002 to 2007. We calculate the default di...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/r67k8x |
| Summary: | 碩士 === 東吳大學 === 國際經營與貿易學系 === 96 === The research is chiefly focused on the listed companies of Texiltile Industry--- totally 46 companies from Taiwan Stock Exchange Market and 62 companies from Shares A/B in the stock market in Shanghai and Shenzhen during 2002 to 2007. We calculate the default distance (“DD”) via KMV credit risk pattern, and then we can get the expected default frequency (“EDF”) via Logistic Regression (“LR”) from the data we chose. Here come the two conclusions through empirical resulting,
(I) The EDF of the textile industry in Taiwan is signifying related to the EPS and liability ratio in the model.
(II) The EDF of the textile industry in China is signifying related to the EBIT, liability ratio and the net operating cycle (in days) in the model.
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