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dc.contributor.author顏慧萍en_US
dc.contributor.authorYen, Hui-Pingen_US
dc.contributor.author洪志洋en_US
dc.contributor.authorHung, Chih-Youngen_US
dc.date.accessioned2014-12-12T01:31:57Z-
dc.date.available2014-12-12T01:31:57Z-
dc.date.issued2008en_US
dc.identifier.urihttp://140.113.39.130/cdrfb3/record/nctu/#GT079635514en_US
dc.identifier.urihttp://hdl.handle.net/11536/42972-
dc.description.abstract  本研究主要以台灣上市公司為研究對象,利用三階段最小平方法來探討企業績效和成長機會對固定資產投資之回饋效果,研究期間為1998年至2007年。實證結果發現,當企業面臨較好的績效表現時,將不會意願增加企業固定資產投資,然而,當企業面臨較好的成長機會時,卻能誘使企業去增加固定資產投資。透過這兩種不同的反應,我們可以了解台灣上市企業在固定資產投資行為上是較為保守、消極。因為當企業面臨較好的績效表現時,企業若以永續發展為前提,應將增加淨利的一部分投資於企業的生產資源上,以提升企業的生產效率及品質,使未來能創造更多的利潤,進而維持企業的競爭優勢,而非等到當企業面臨較好的成長機會時,才進行固定資產的投資。   同時,透過移動式Chow Test,也得知台灣上市企業在1998年至2003年,此六年間的固定資產結構皆發生結構轉變,尤其在2001年的結構性轉變更為明顯。推測其原因可能係與該年台灣政府為因應知識經濟時代來臨,所實施的「綠色矽島」和「台灣Double」等政策宣示,以及「知識經濟發展方案」有關。zh_TW
dc.description.abstractThis study uses three-stage least squares method to explore the feedback effect of financial performance and growth opportunity on fixed assets. The empirical results are shown as below:(1) Financial performance is negative feedback effect on fixed assets investment. (2) Growth opportunity is positive feedback effect on fixed assets investment. Along with two kinds of different responses, we can understand that the listed firms in Taiwan are relatively conservative and passive on fixed assets investment. When the enterprises face better financial performance, given the enterprises chase sustainable development as priority, they should increase a part of net income on production resources to improve the production efficiency and quality. Also, enterprises can create more profits in the future and maintain competitive advantages. Finally, I used Chow Test to recognize the change on fixed assets structure in past 20 years. The emprise results are showed that fixed asset structure is change from 1998 to 2003. The structural transition is more obvious in 2001.en_US
dc.language.isozh_TWen_US
dc.subject固定資產投資zh_TW
dc.subject成長機會zh_TW
dc.subject財務績效zh_TW
dc.subject三階段最小平方法zh_TW
dc.subject係數穩定性檢定zh_TW
dc.subjectFixed Assetsen_US
dc.subjectFinancial Performanceen_US
dc.subjectGrowth Opportunityen_US
dc.subjectThree Stage Least Squareen_US
dc.subjectChow Testen_US
dc.title企業獲利及成長機會對固定資產投資之回饋效果zh_TW
dc.titleThe Feedback Effect of Financial Performance and Growth Opportunity on Fixed Assetsen_US
dc.typeThesisen_US
dc.contributor.department科技管理研究所zh_TW
Appears in Collections:Thesis