A Comparative Study of the Influences of Private Fundraising on Corporate Operating Performance Base on Industries and Scale

碩士 === 國立臺北大學 === 企業管理學系 === 107 === The purpose of this study is to investigate whether different sizes and industrial sectors have significant differences in financial performance due to private equity financing (PEF). The PEF events are collected from 2010~2015, and the quarterly financial indica...

Full description

Bibliographic Details
Main Authors: CHEN, LU-CHING, 陳露靜
Other Authors: GOO, YEONG-JIA
Format: Others
Language:zh-TW
Published: 2019
Online Access:http://ndltd.ncl.edu.tw/handle/2e573n
Description
Summary:碩士 === 國立臺北大學 === 企業管理學系 === 107 === The purpose of this study is to investigate whether different sizes and industrial sectors have significant differences in financial performance due to private equity financing (PEF). The PEF events are collected from 2010~2015, and the quarterly financial indicators of ROE, ROA, assets growth rate (AGR) and price/book (PB) ratio, ranging from 2008~2017, are collected from TEJ news. The statistical methods include GLM (General Linear Model, ANOVA) with the Duncan’s multiple range tests are applied by SAS software. The findings are as follows: 1. Electronics sectors have significant positive financial performance after PEF event in all four financial indicators. Non-electronics sectors could also adopt PEF to improve ROE, ROA and AGR. 2. After PEF events, the large-scale enterprise would improve the ROA, AGR and PB; The mid-scale enterprise would improve all four financial indicators; The small-scale enterprise would improve ROE, ROA, AGR. 3. After PEF events, the small- and med-scale electronic companies would improve all four financial indicators, the large-scale electronic companies would improve ROA and AGR. Otherwise, the small and mid-scale non-electronic companies would improve ROE, ROA and AGR; The large-scale non-electronic company would improve ROE, AGR and PB.