完整後設資料紀錄
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dc.contributor.author陳曉萱zh_TW
dc.contributor.author林瑞嘉zh_TW
dc.contributor.authorChen, Hsiao-Hsuanen_US
dc.contributor.authorLin, Jui-Chiaen_US
dc.date.accessioned2018-01-24T07:40:00Z-
dc.date.available2018-01-24T07:40:00Z-
dc.date.issued2017en_US
dc.identifier.urihttp://etd.lib.nctu.edu.tw/cdrfb3/record/nctu/#GT070453931en_US
dc.identifier.urihttp://hdl.handle.net/11536/140992-
dc.description.abstract過去文獻指出,企業可能會因資訊不對稱及代理問題產生投資不足或是過度投資 的情形。本文旨在探討企業採取股利平滑政策是否能夠藉由減緩資訊不對稱與代理問 題,進而改善投資效率。本篇結果發現當公司處於投資不足(過度投資)的情況下,高股 利平滑會改善投資不足(過度投資)的情形。另外,本篇文章提供新的方法衡量企業股利 平滑程度,能夠有效被運用在股利平滑相關的實證研究中。zh_TW
dc.description.abstractIn this study, we examine whether dividend smoothing can improve investment efficiency. We find that dividend smoothing play a mitigating role in information asymmetry and agency problem, and lead to an improvement on investment efficiency. Our findings show that dividend smoothing is positively (negatively) associated with investment among firms with higher likelihood of under-investment (over-investment). Meanwhile, this paper develops a new methodology to measure for dividend smoothing on firm-year level which is useful in empirical researches of dividend smoothing.en_US
dc.language.isoen_USen_US
dc.subject股利平滑zh_TW
dc.subject投資效率zh_TW
dc.subject資訊不對稱zh_TW
dc.subject代理問題zh_TW
dc.subjectdividend smoothingen_US
dc.subjectinvestment efficiencyen_US
dc.subjectinformation asymmetryen_US
dc.subjectagency problemen_US
dc.title股利平滑是否能改善投資效率?zh_TW
dc.titleHow does dividend smoothing relate to investment efficiency?en_US
dc.typeThesisen_US
dc.contributor.department財務金融研究所zh_TW
顯示於類別:畢業論文