The Effect of Corporate Debt Policy Before and After Financial Tsunami-In Cases of Taiwan and U.S.A. / 金融海嘯對公司債券融資特性之影響-以台灣、美國為例

碩士 / 國立中正大學 / 企業管理系研究所 / 104 / According to Myers debt financing theory, the study mainly examine the effect on company size, insider, tax rate and future growth opportunity for the company’s capital structure before and after the financial tsunami from the database of Taiwan OTC listed companies and United States listed companies from 2002 to 2014.

The empirical results are as follow:(1)The database of Taiwan OTC listed companies before and after the financial tsunami, which consist with Myers's theory, the higher growth opportunity of the companies prefer borrowing short-term funds from financial institutions and likely have aggressive financing strategy.(2)It is no significant relationship between growth opportunity and debt in the database of United States listed companies in the period and not consist with pecking order theory.

Identiferoai:union.ndltd.org:TW/104CCU00121017
Date January 2016
CreatorsSzu-Ting,Chen, 陳思廷
ContributorsMing-Chang,Cheng, 鎮明常
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format50

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