| Summary: | 碩士 === 淡江大學 === 財務金融學系碩士班 === 104 === This study uses panel smooth transition regression model to investigate whether Price change for for operating performance of various industries exists panel smooth transition effect. Furthermore, this study measures and evaluates operating performance by the influence of independent variables. The research period was from the first quarter of 2008 to the third quarter of 2015 and totally 31quarterly data were calculated.This empirical study will apply price change as threshold variables,price change,debt ratio and quick ratio as independent variable.Depndent variable use return on assets. Empirical investigation show that the price is less than the threshold value, or when near threshold,nolinear analysis of price change,debt ratio and quick ratio for operating performance of various industries.
Empirical show that price chage on most of operating performance of various industry significant smooth transition effects and most of the companies whose debt ratio, quick ratio and price change significantly affects in return on assets between any threshold.Therefore, most of industry are available in different price change by increasing debt ratio and quick ratio or reduce debt ratio and quick ratio to raise the operating performance of the industry between any threshold .This study expect to maximize the value of the company.
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