A Study Of The Relationship Between Financial Indicators And Stock Return And Risk On All Streams Of Smart Handheld Devices Industry

• Main Authors: Fan, Yang-Cheng, 范揚承
• Other Authors: Lin, Joung-Yol
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/92577262832206237475

碩士 === 國立臺北大學 === 國際財務金融碩士在職專班 === 100 === The smart handheld devices transfor into the growing popularity of consumer products from business used since its launch. Taiwan has a complete industrial chain in handheld device industry, therefore, if they understand the relationship between financial indicators and stock return and risk on all streams of smart handheld devices industry will help the investment decision-making. The period of this study is from the fourth quarter of 2007 to the fourth quarter of 2011, including a total of 20 quarter, 90 firms, and 1800 sample data, the conclusions of this study are as follows: 1.For the whole industry, the financial indicators that affect the stock returns on Return on equity, Net profit growth rate, Revenue growth rate are the positive impact .For the upstream company, these three financial indicators are also significant positive. 2.Systemic risk, financial indicators, the Debt ratio and Current ratio of the whole industry is a positive significant correlation, Accounts receivable turnover is significantly related to negative; and Return on equity there are more obvious positive and significant relationship in the midstream and downstream companies; there is a positive significant relationship for the downstream company Debt ratio. 3.For the whole industry, the financial indicators that affect the risk premium return on Return on equity and Revenue growth rate both are the positive effect. For the upstream and midstream companies, two financial indicators are also significant positive correlation exists. 4.The summary of the smart handheld device industry, the financial indicators of the level of Return on equity and Revenue growth rate growth up or not, will affect the stock returns and risk tolerance level, the characteristics of the whole industry, two financial indicators can be said that the two most important indicators.