| Summary: | 碩士 === 國立嘉義大學 === 企業管理學系 === 105 === Currently, the semiconductor industry is an important source of Taiwan's economy in terms of the percentage of exports, the amount of the production value and associated investments. In recent years, the overall performance of Taiwan's semiconductor industry is relatively better than the global level and continues to flourish. However, the semiconductor design industry is facing increasing challenges from the United States and China due to the fast changes in economic environment and intense competition with each other. Therefore, it is vital to enhance the development of high-tech industries. The main purpose of this study is to explore the factors that affect the company's financial indicators and assess the financial forecast of the company.
The study focuses on the Taiwan Semiconductor Industry Corporation which includes the process of design, manufacturing, packaging and testing. An IC Design Industry Company (referred to as Company A) in Hsin-Chu science-based industrial park is selected as a case study. The multiple regression analysis is used to identify the influential factors associated with the company's financial indicators. In addition, the ARIMA model and GARCH model are applied to compare the forecasting performance. The results show that the business management factors affecting the financial indicators are: the acquired patent or technical authorization, non-operating gains and losses, capital, and funds/investments. The macroeconomic factors that affect the financial indicators are: the exchange rate and the unemployment rate. Among the three models, the multiple regression model performs best, followed by the ARIMA model and the GARCH model.
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