Financial Ratio Indexes and Credit Rating : Evidence from the Listed Photonics Companies in Taiwan
碩士 === 國立高雄第一科技大學 === 金融所 === 98 === This thesis takes photonics industry companies from 2006 to 2008 as example to analyze the relationship between financial ratio indexes and credit rating in Taiwan. Firstly, this thesis uses Mann-Whitney test to identify better credit rating and worse credit rati...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2010
|
| Online Access: | http://ndltd.ncl.edu.tw/handle/95577952257565333960 |
| Summary: | 碩士 === 國立高雄第一科技大學 === 金融所 === 98 === This thesis takes photonics industry companies from 2006 to 2008 as example to analyze the relationship between financial ratio indexes and credit rating in Taiwan. Firstly, this thesis uses Mann-Whitney test to identify better credit rating and worse credit rating companies. Secondly, correlation analysis is used to examine collinearity between financial ratios. Finally, the binary logistic regression model is used to analyze the impact of financial ratio indexes on credit rating.
Empirical results indicate that the return on common stockholders’ equity and the return on total assets are important indexes in identifying better credit rating and worse credit rating companies.
|
|---|