The Capital Structure of Enterprises to Bear The Risk of Interference Effects

• Main Authors: Wu, Chia-Ying, 吳佳穎
• Other Authors: Li He-Long
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/vn6vsw

碩士 === 國立高雄應用科技大學 === 會計系 === 103 === This study is in addition to all listed companies of the financial sector, with its 2009 and 2013 as the study period, the purpose is to explore the capital structure of the companies bear the risk of interference effects, and joined the ratio of the largest shareholder, holding the ratio of directors and supervisors , institutional corporate ownership ratio, the ratio of independent directors seats, board size, debt ratio of corporate governance and capital structure variables and company size, earnings per share and return on assets was controlled variable discuss their respective variables between risk and business relationship. And further added to the debt ratio and other variables cross multiply items observed interference effects. The empirical results show the ratio of the largest shareholder, holding the ratio of directors and supervisors Board size, risk and corporate debt ratio was negatively correlated. After the addition of cross-multiply items found, the higher the major shareholder with a shareholding ratio of directors and supervisors, will allow enterprises to increased risk through the impact on the capital structure and the capital structure of the companies found to interfere with the effect of risk vary with the characteristics of the industry .