Shareholder Value from Supply Chain Finance－A Case of Automobile Industry

• Main Authors: Wan-Ru He, 何婉如
• Other Authors: Chiung-Feng Ko
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/59yj2r

碩士 === 東吳大學 === 會計學系 === 103 === This study focuse on the relationship between the shareholder value and supply chain finance both in Taiwan and China automobile industries. And further research the company in difference stream is there difference influence in the shareholder value. In addition, this paper examines whether the market power influence the shareholder value and the relationship between shareholder value and the quality of the product. Robust results suggest that excess returns and changes in accounts receivables are directly and significantly related. This finding supports H1. There are a negative relationship between excess returns and market share. The variables of quality measures, excess returns is negative associated with R&D, another variable total assets turnover is significant positively with excess returns.