頁籤選單縮合
題名 | 影響臺灣廠商上市因素之分析=A Study on the Determinants of Going Public for Taiwanese Firms |
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作者 | 林滄朗; 王明輝; Lin, Chang Lang; Wang, Ming-hui; |
期刊 | 臺灣企業績效學刊 |
出版日期 | 20170600 |
卷期 | 10:2 2017.06[民106.06] |
頁次 | 頁163-184 |
分類號 | 494.75 |
語文 | chi |
關鍵詞 | 資本大眾化; Logit迴歸; 子公司; Going public; Logit model; Fixed-effects regression; |
中文摘要 | 本研究以國內廠商為研究對象,將樣本區分成獨立公司與上市公司之子公司二子樣本,分別作上市前與上市後的迴歸分析,探討影響國內廠商上市之因素。上市前分析主要發現:公司規模越大與權益報酬率越高,則其上市之機率越大;而負債比率不為影響子公司上市的關鍵因素。上市後的分析則發現,公司為了因應未來投資成長的融資需求而上市。 |
英文摘要 | This study analyzes the determinants of initial public offerings (IPOs) by comparing the ex ante and ex post characteristics of IPOs with those of private firms for Taiwan firms. From analysis of the ex ante determinants, the major findings are that firm’s size and profitability appear to be the significant determinants of the probability of listing and firm’s debt is not a positive impact on the probability of going public for subsidiaries of listed firms. From analysis of the ex post consequences of an IPO, the major finding is that firms are motivated to go public for financing needs of future investments. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。