| Summary: | 碩士 === 國立高雄科技大學 === 財富與稅務管理系 === 107 === There are many researchers in Taiwan and abroad who are studying the company's financial crisis. Whether it is the financial distress prediction model or the financial crisis rebirth strategy, there are quite a few high-accuracy and reliability studies published. However, there are more and more researches on starting to join corporate governance variables, among which the company's fraud cases are increasing, but most of these studies ignore the prediction of the company's ability to recovery. This research will focus on the importance of how to obtain a valid judgment basis after a financial crisis occurs in an enterprise. Whether the enterprise can be regenerate or continue to operate, which factors can be used as indicators of judgment, and consider the SMEs that the largest number of industrialists in Taiwan, included all the public offering companies in the scope of this study, sampling all financial crisis companies from 2005 to 2017, collecting financial information for the three years before the financial crisis date, by using Logistic Regression. The results of study show that whether it is overall sample of all public offering companies or only a sample of TWSE-listed companies and TPEx-listed companies, the three variables of debt ratio, working capital ratio and board size have a significant impact. ROA and seats of independent directors has only a significant impact on the sample of TWSE-listed companies and TPEx-listed companies, while only pledge ratio of directors impacted unlisted companies significantly.
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