Financial Performance and Risk Analysis of Construction Industry: Luxury pre-tax Comparison

• Main Authors: Ssu-Han Wu, 吳思函
• Other Authors: 彭開瓊
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/74876783340494016862

碩士 === 健行科技大學 === 國際企業管理研究所 === 101 === According to Taiwan Economic Journal (TEJ) Database, This research aims at investigating overall performances of 54 listed construction industry companies in TSE or OTC, we select the second half-year of 2010 and 2011 to compare results. It explores financial performance, and value-at-risk. And, we analyze relationship between them. We use the data envelopment analysis (Data Envelopment Analysis, DEA) of Malmquist Index to analysis each construction &; planning companies financial performance, and calculate Value at Risk (VaR) of them. We build style box of construction &; planning companies with Malmquist Index and VaR to integrate performance of construction &; planning companies. This study classifies construction &; planning companies into two category, construction and non-construction. As the result, the performance in construction companies has a bigger recession. For the growth of financial performance, construction companies account 40%, while non-construction companies account 63%. For the decline of financial performance, construction companies account 60%, while non-construction companies account 37%. After practicing luxury tax, for the decline of Value at Risk, construction companies account 17% while non-construction companies account only 8%. For the rising of Value at Risk, construction companies account 83% while non-construction companies account 92%. There are the same pattern for rising of Value at Risk among construction companies and non-construction companies.