Whether the debt ratio is stable for Taiwan's enterprises
碩士 === 國立雲林科技大學 === 財務金融系 === 106 === The literature states that the company tends to maintain a stable debt ratio. However, more scholars have questioned this view in recent years. More scholars consider that the companies may have different attitudes towards whether the debt ratio is kept stable o...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/cjzq8t |
| Summary: | 碩士 === 國立雲林科技大學 === 財務金融系 === 106 === The literature states that the company tends to maintain a stable debt ratio. However, more scholars have questioned this view in recent years. More scholars consider that the companies may have different attitudes towards whether the debt ratio is kept stable or not. This study uses a sample of listed companies in Taiwan from 1996 to 2015 and examine the association between debt ratio change and debt ratio level. The regression results show that companies with larger debt ratio change have higher total debt ratio and long-term debt ratio. Companies with higher profitability and R&D expenditure have lower debt ratio. Companies with better financial condition and more mortgage have higher debt ratio.
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