碩士 / 國立高雄應用科技大學 / 商務經營研究所 / 94 / Corporations could diversify their ways to finance because of the completement of financial market. This study focuses on Taiwan listed transportation industry to discuss their capital structure and financing options. The period of this study covers six years from 1996 to 2005. This study generalizes seven variables which might influence the debt ratio of transportation corporations. This study applies multiple regression analysis as empirical research method to check the correlation between debt ratio and variables that matters. Also, this study uses logistic regression to examine the financing option. At last, this study will check whether the operation performance would be affected by the financing option.
The empirical results reveal as follows-
1.Debt ratio is negatively correlated with ROA, non-debt tax shield, and beta. Debt ratio is positively correlated with firm size, sales growth, and fixed assets to equity ratio. But it has no apparently correlation to operating risk.
2.The financing option decision on debt or equity is correlated with non-debt tax shield, market loan rate, the previous debt to equity ratio, fixed assets to equity ratio, and operating risk.
3.The performance of ROA and stock return are not apparently correlated to the financing choice on debt or equity.
| Identifer | oai:union.ndltd.org:TW/094KUAS0768020 |
| Date | January 2006 |
| Creators | Lee Chia Chen, 李佳珍 |
| Contributors | Cheng Yen Shin, 程言信 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 58 |
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