| URN |
etd-0802113-142233 |
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| Author |
Sheng-cheng Kuo |
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| Author's Email Address |
No Public. |
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| Statistics |
This thesis had been viewed 5355 times. Download 84 times. |
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| Department |
Finance |
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| Year |
2012 |
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| Semester |
2 |
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| Degree |
Master |
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| Type of Document |
|
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| Language |
zh-TW.Big5 Chinese |
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| Title |
Investment Decision of the Electronics Industry |
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| Date of Defense |
2012-06-25 |
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| Page Count |
47 |
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| Keyword |
ROA
P/B ratio
Panel data
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| Abstract |
Since our current economic environment is getting more and more competitive, enterprises must continuously improve and strengthen their ability in order to maintain their competitiveness. Therefore, investment activities of firms are the key elements to drive business growth. This article tries to discuss whether three different investment dimensions can help to boost firm’s future growth of profitability. This research uses investment spending of listed firms in domestic electronics industry (including capital expenditure, intangible assets and R&D expenditures) as variable to explore the effects of these three investment expenditures on corporate P/B ratio as well as ROA (Return on Asset). This study attempts to analyze whether firm’s investment activities can impose significantly positive influence on its future profitability. We use panel data to run regression analysis and further divide Taiwan electronics industry into five sectors to analyze the effects of firm’s investment expenditure on P/B and future profitability among different sectors. The empirical results show that investment spending imposes significantly positive effect on firm’s profits, but this relationship exist time lags. |
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| Advisory Committee |
Chou-Wen Wang - chair
Y. Chris Liao - co-chair
Jen-Jsung Huang - advisor
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| Files |
Indicate in-campus at 0 year and off-campus access at 5 year. |
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| Date of Submission |
2013-09-02 |
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