| Summary: | 碩士 === 國立臺北大學 === 國際財務金融碩士在職專班 === 107 === This study intends to investigate the macroeconomic variables on the Taiwan shipping firms’ s financial performance. Three Taiwan listed shipping companies of Evergreen (2603) and Yangming (2609) and Taiwanese Holdings (2636) are selected. The financial performance variables include RET, ROE, ROA and EPS. The macroeconomic and financial information are obtained from the Taiwan Economic News Journal (TEJ). 10-year quarterly data, ranging from Mar. 2008 to Jun. 2018 are selected. The statistical methods include correlation analysis, multiple linear and nonlinear regression are proposed. Hopefully, the research conclusions would be useful for shipping firms in making asset allocation efficiently. The empirical results are as follows:
1. Correlation coefficient analysis shows that the Boom strategy signal indicator, Coincident indicator, the Brent spot price, and the US dollar exchange rate have significant influences on RET, ROA, ROE and EPS.
2. The multiple linear regression analysis shows that the Boom strategy signal indicator, the leading indicator, the lagging indicator, and the coincidence indicator have significant influences on ROA, ROE and EPS.
3. The multiple non-linear regression analysis show that the leading indicator, the lagging indicator, the coincidence indicator, and the squared coincidence indicator, the Brent spot price, the squared Brent spot price, the US dollar exchange rate, and the squared US dollar exchange rate have significant influences on RET, ROA, ROE and EPS. This study also finds that the ROA and ROE would reach the highest performance whenever the Brent spot price is between 73.23 US dollars to 75.18 US dollars.
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