The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry

碩士 === 國立雲林科技大學 === 財務金融系 === 103 === Operating and financial leverages are required to be revealed annually for all listed Taiwanese firms. The purpose of this study is to examine the effects of these two leverages on firm’s stock value. Owing to the shifting of financial operating system from GAAP...

Full description

Bibliographic Details
Main Authors:	Chang,Shu-Kuei, 張淑桂
Other Authors:	Yang,Jack J.W.
Format:	Others
Language:	zh-TW
Published:	2015
Online Access:	http://ndltd.ncl.edu.tw/handle/ty939x

id	ndltd-TW-103YUNT0304042
record_format	oai_dc
spelling	ndltd-TW-103YUNT03040422019-05-15T22:00:22Z http://ndltd.ncl.edu.tw/handle/ty939x The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry 營運槓桿與財務槓桿對股票價值之影響 -以台灣上市電子產業為例 Chang,Shu-Kuei 張淑桂碩士國立雲林科技大學財務金融系 103 Operating and financial leverages are required to be revealed annually for all listed Taiwanese firms. The purpose of this study is to examine the effects of these two leverages on firm’s stock value. Owing to the shifting of financial operating system from GAAP to IFRS, we divide the sample into two groups. Using the model of Ohlson（1995）, the empirical test results exhibit that both leverages enjoy explanatory power for very profitable firms . As for the less profitable firms , only financial leverage has the explanatory power. A decreasing relation between the two leverages and moderately profitable firms exists. Yang,Jack J.W. 楊踐為 2015 學位論文 ; thesis 60 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立雲林科技大學 === 財務金融系 === 103 === Operating and financial leverages are required to be revealed annually for all listed Taiwanese firms. The purpose of this study is to examine the effects of these two leverages on firm’s stock value. Owing to the shifting of financial operating system from GAAP to IFRS, we divide the sample into two groups. Using the model of Ohlson（1995）, the empirical test results exhibit that both leverages enjoy explanatory power for very profitable firms . As for the less profitable firms , only financial leverage has the explanatory power. A decreasing relation between the two leverages and moderately profitable firms exists.
author2	Yang,Jack J.W.
author_facet	Yang,Jack J.W. Chang,Shu-Kuei 張淑桂
author	Chang,Shu-Kuei 張淑桂
spellingShingle	Chang,Shu-Kuei 張淑桂 The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry
author_sort	Chang,Shu-Kuei
title	The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry
title_short	The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry
title_full	The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry
title_fullStr	The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry
title_full_unstemmed	The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry
title_sort	effect of operating and financial leverage on stock value–some evidence in taiwanese electronics industry
publishDate	2015
url	http://ndltd.ncl.edu.tw/handle/ty939x
work_keys_str_mv	AT changshukuei theeffectofoperatingandfinancialleverageonstockvaluesomeevidenceintaiwaneseelectronicsindustry AT zhāngshūguì theeffectofoperatingandfinancialleverageonstockvaluesomeevidenceintaiwaneseelectronicsindustry AT changshukuei yíngyùngànggǎnyǔcáiwùgànggǎnduìgǔpiàojiàzhízhīyǐngxiǎngyǐtáiwānshàngshìdiànzichǎnyèwèilì AT zhāngshūguì yíngyùngànggǎnyǔcáiwùgànggǎnduìgǔpiàojiàzhízhīyǐngxiǎngyǐtáiwānshàngshìdiànzichǎnyèwèilì AT changshukuei effectofoperatingandfinancialleverageonstockvaluesomeevidenceintaiwaneseelectronicsindustry AT zhāngshūguì effectofoperatingandfinancialleverageonstockvaluesomeevidenceintaiwaneseelectronicsindustry
_version_	1719124633997803520

The effect of operating and financial leverage on stock value–some evidence in Taiwanese electronics industry

Similar Items