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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

租稅政策與企業投資行為之研究

薛玉枝, Xue, Yu-Zhi Unknown Date (has links)
第一章緒論,先定義所欲研究的企業投資行為和政府租稅政策,以及全文分析所需要 的一般性假設。第二章討論新古典投資理論,在所有公司所得稅制下,最適資本存量 的近視(Myopic)原剛決定於資本邊際產量等於資本使用成本,而資本使用成本是各 種租稅政策變數的函數,說明租稅政策影響最適資本存量和投資支出的途徑和方向。 第三章討論有調整成本存在時,對第二章靜態模型之結論所作的某些修正,說明了投 資水準不僅受時間因素之影響。第四章討論在有公司所得稅,個人所得稅、資本利得 稅下,企業融資方法不同,透過資本使用成本之不同而影響企業投資行為之分析。第 五章討論以前述之理論模型來討論現行獎勵投資條例中某些優惠政策之效果。第六章 是結論。 本文研究動機,乃在于一般所耳熟的政府優惠措施之目的及影響途徑作詳細的分析, 作為實證分析的理論基礎,使決策者在制定有關獎勵投資之租稅優惠時有所參考。
2

公司所得稅歸宿理論之分析

林至崤, Lin, Zhi-Chang Unknown Date (has links)
第一章為緒論:略述學者對公司所得稅歸宿面的論點與模型改進之處,及本文撰寫目 的在求更一般化的理論架構以期更能符合現實的經濟狀態。 第二章為封閉體系下公司所得稅歸宿理論模型。 第三章在封閉體系下包括中間財之公司所得稅歸宿模型。 第四章為開放體系下公司所得稅歸宿理論模型。 第五章:探討在長期成長模型下,對歸宿面如何發生衝擊﹖前面各章均局限在資本存 量,勞動力固定下之短期狀態,事實上今日社會是在成長中,資、本勞動力都在逐漸 累積,故短期分析似乎太脫離現狀,所以本章把資本勞動力成長包括在模型架構更趨 合理。 第六章:對前面幾章所探討結論作一個總結。
3

研究發展支出之效益及其資本化會計資訊對股票評價攸關性之研究 / The Benefits of R&D Outlays and the Relevance of Stock Valuation of Capitalization for R&D

劉正田 Unknown Date (has links)
本文探討研發支出資本化與攤銷之理論,並以國內股票上市公司為實證對象。本研究使用聯立方程式及Almon lag procedure來檢測企業研發投資效益遞延之情形,然後以Feltham and Ohlson(1995)之評價模式,探討研發支出資本化與攤銷後之權益帳面價值與盈餘之特性,並探討研發投資是否為股票報酬之長期風險因素。本研究並以研發強度(研發費用對銷貨凈額比)區分高、低研發強度二組樣本,比較其與研發有關問題。 本文發現如下: (1)研究發展支出效益遞延實現之現象,似乎存續自第三年開始至未來數期(第四、五年);平均而言,一元之研發投資可於未來4-5年產生2元以上之獲利,高研發強度廠商則有3元以上之獲利;而低研發強度之公司,研發支出獲益則不顯著的於研發初期二年實現。 (2)在股票評價模式中,高研發強度廠商之研發支出採取資本化,對模式解釋能力較高;而低研發比例(強度)廠商之研發支出則採取費用化,「似乎」對模式解釋能力較高。 (3)目前「一般公認會計原則」對於評價模式的解釋,對低研發強度的廠商之解釋能力較高;反之,對高研發強度廠商較不適用。 (4)研發資本存量對市場比率為股票報酬之長期風險因素。 / This study analyzes the theory of capitalization and amortization of R&D expenditures. This study uses the simultaneous equations and Almon lag procedure to examine whether earnings reflect benefits from past R&D expenditures of public firms in Taiwan. Based on asset valuation model generated by Fetham and Ohlson(1995) and Bernard (1995), this study examines the properties of coefficients of parameters of valuation model and explainary power. In addition, this study estimates the R&D capitalization, and tests whether the R&D capitalization is the long risk factor of stock return or not. Moreover, this study groups sample firms into high or low intensity groups by R&D intensity (R&D expenses-to-sales ratio), and compares the above issues of capitalization of R&D expenditures. The major findings of this study follows: (1)Earnings almost reflect realized benefits from R&D, but there are two years time lag. On average, every one N.T. dollar invested in R&D will produce 2 N.T. dollars profits during four or five - years period. In the high R&D intensity group, every one N.T. dollar invested in R&D will produce 3 N.T. dollars profits in future. On the contrary, in the low R&D intensity group, the benefits of R&D outlays are insignificantly reflected in the first two years. (2)The explainary power (Radj2) of valuation model of R&D capitalized in the high R&D intensity group is higher than that of in the low R&D intensity groups. (3)The relevance of stock valuation generated by present GAAPs for the high R&D intensity group is lower than that of the lower R&D intensity group. (4)The R&D capital-to-market values ratio is the long risk factor of stock returns.

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