| Summary: | 碩士 === 靜宜大學 === 國際企業學系 === 107 === The global economy was hit by economic crisis and financial tsunami and the European debt, company and enterprise is facing competition in the business environment, and the financial tsunami has serious impact on the financial order. Therefore, this study is examining the effects on the company's financial crisis. In order to find a potential solution, this study applies for The Taiwan Economic Journal (TEJ) financial database, using Taiwan traditional industries in the stock listed company (i.e., chemical industry, biotechnology industry, building construction industry, steel industry, financial industry, textile fiber industry). Sample period is taking from 2000 to 2014. With utilizing panel probit model. This research confirms the effect of the company's operating performance on the firm financial crisis significantly. The empirical result show that the return on equity and the company's value are positively and significantly to the company financial crisis. While shareholder structure is the one of essential determinants. Other findings are that the higher the return on shareholders' equity, the higher the value of the company. Information disclosure has significantly impact on company financial crisis as well. The higher the level of information disclosure, the lower the probability of financial crisis of the company. The empirical result is expected to provide suggestions to Taiwan government and company manager.
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