碩士 / 淡江大學 / 財務金融學系碩士在職專班 / 101 / This study mainly analyzes the impact of sub-corporation go abroad for listing on corporate long-term performance in Taiwan during the period from 1992 to 2007 by using the data of 26 companies. In order to research the long-term investment performance, we use four different kinds of methods to estimate abnormal returns, including CAR, BHAR, CTAR and CT-FAT. On the other hand, we use the DuPont formula to estimate the long-term operational performance. The empirical findings show that:
1. Long-term investment performance：Although the performance estimated through the previous four methods failed to make consistent conclusions, but we seem can conclude that investors can earn more abnormal returns if they hold the stock longer (more than 3 years).
2. Long-term operational performance：Even though the sub-corporation go aboard for listing can’t bring the corporation’s profitability up, it still can bring some other potential contributions and benefits to them, and make their profitability better than the average of the same industry, but the strength just doesn’t last long. As for operational efficiency and debt-paying ability, they make no difference to the average level.
| Identifer | oai:union.ndltd.org:TW/101TKU05304049 |
| Date | January 2013 |
| Creators | Ming-Yi Chen, 陳明易 |
| Contributors | Kuang-Ping Ku, 顧廣平 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 50 |
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