How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit

How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit

碩士 === 國立中山大學 === 金融創新產業碩士專班 === 107 === This study aims to analyze the relationship between firm’s accounts payable and financial leverage, and between firm’s accounts payable and goodwill. This research utilizes the data from COMPUSTAT and focuses on publicly traded U.S. manufacturing companies fo...

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Main Authors: Jui-Ting HSU, 許睿庭
Other Authors: JHANG,SHIH-SIAN
Format: Others
Language:zh-TW
Published: 2019
Online Access:http://ndltd.ncl.edu.tw/handle/zcr4me
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spelling ndltd-TW-107NSYS54570082019-09-17T03:40:10Z http://ndltd.ncl.edu.tw/handle/zcr4me How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit 公司的商譽及財務槓桿如何影響上游的信用交易 Jui-Ting HSU 許睿庭 碩士 國立中山大學 金融創新產業碩士專班 107 This study aims to analyze the relationship between firm’s accounts payable and financial leverage, and between firm’s accounts payable and goodwill. This research utilizes the data from COMPUSTAT and focuses on publicly traded U.S. manufacturing companies for the period 1987-2016 with 53,678 firm-year observations. By using fixed effect model, this study found that there exists a positive relationship between financial leverage and accounts payable overall. However, the results are more significant for non-rated firms rather than firms with investment or junk credit rating. We also find that there exists a negative association between goodwill and upstream trade credit. JHANG,SHIH-SIAN 張世賢 2019 學位論文 ; thesis 48 zh-TW
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language zh-TW
format Others
sources NDLTD
description 碩士 === 國立中山大學 === 金融創新產業碩士專班 === 107 === This study aims to analyze the relationship between firm’s accounts payable and financial leverage, and between firm’s accounts payable and goodwill. This research utilizes the data from COMPUSTAT and focuses on publicly traded U.S. manufacturing companies for the period 1987-2016 with 53,678 firm-year observations. By using fixed effect model, this study found that there exists a positive relationship between financial leverage and accounts payable overall. However, the results are more significant for non-rated firms rather than firms with investment or junk credit rating. We also find that there exists a negative association between goodwill and upstream trade credit.
author2 JHANG,SHIH-SIAN
author_facet JHANG,SHIH-SIAN
Jui-Ting HSU
許睿庭
author Jui-Ting HSU
許睿庭
spellingShingle Jui-Ting HSU
許睿庭
How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit
author_sort Jui-Ting HSU
title How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit
title_short How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit
title_full How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit
title_fullStr How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit
title_full_unstemmed How Firm''s Goodwill and Financial Leverage Affect Upstream Trade Credit
title_sort how firm''s goodwill and financial leverage affect upstream trade credit
publishDate 2019
url http://ndltd.ncl.edu.tw/handle/zcr4me
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