碩士 / 國立臺北大學 / 企業管理學系 / 91 / Deregulation and globalization of the global economic circumstances make enterprises in Taiwan to expend aboard dramatically. At this moment, enterprises need great amount of funds to make plans about their investment and think how to raise funds effectively. Raising Funds is especially crucial in capital intensive information technology industry. Therefore my motive to this research is to study priorities of the decision making in information technology industry.
The earlier studies of capital structure failed to study deeply in financing decision and research the firms’ financing behavior of moving toward their target debt ratio. Besides, models of previous studies seldom discussed about Ordered-logistic regression model in the existence of sequence. Therefore, this research sets up two models to evaluate the financing decisions and explores more financing options. In the first model, this research uses Tobit method to establish the regression model to estimate the target debt ratio of corporations. In the second model, this research uses Ordered-logistic regression model to evaluate the financing decisions among five financing tools, including common stocks, global depositary receipts, short-term liabilities, long-term liabilities and convertible bonds issues. An analysis of the financing model finds that the corporations will adjust their capital structure to the target debt ratio. The Ordered-logistic model regression reveals that the financing order of the information technology industry is as the following: common stocks, short-term liabilities, global depositary receipt, long-term liabilities, and convertible bonds issues.
| Identifer | oai:union.ndltd.org:TW/091NTPU0121025 |
| Date | January 2003 |
| Creators | YU, CHIA-LING, 游佳鈴 |
| Contributors | KU, YUNG-CHIA, YANG, MING-PI, 古永嘉, 楊明璧 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 70 |
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