頁籤選單縮合
題名 | Business and Financial Risk in Agribusiness=農企業之金融與企業風險 |
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作者姓名(中文) | 潘添進; 鍾震東; | 書刊名 | 國立屏東科技大學學報 |
卷期 | 6:4 1997.12[民86.12] |
頁次 | 頁301-306 |
分類號 | 431.2 |
關鍵詞 | 風險; 變異係數; 風險平衡; 風險管理; Risk; Coefficient of variation; Risk balancing; Risk management; |
語文 | 英文(English) |
中文摘要 | 本研究旨在探討農企業之財務決策,是否具有一般企業在財務管理上風險與報酬 對償之特性。 基於風險平衡的假設,利用美國農業部門 1946-92 年之資料,實證檢定結果 發現,農企業經營者之風險調整,其企業風險與金融風險之間呈現反向關係;當農企業管理 決策者受到內外在因素之衝擊而採取降低企業風險的行動,將導致其金融風險的提高。因此 ,農企業政策措施,尤其是穩定農企業所得的措施,可能促使個別農企業的金融風險提高。 |
英文摘要 | In a business context, we witness the kind of risk-return trade-off that characterizes most financial leverage. This study explores the relationship between business risk and financial risk for the farmers' risk behavior, based on the risk balancing hypothesis. Our empirical results appear to be consistent with that hypothesis, and indicate an inverse relationship between business risk and financial risk. The results may also imply that policies and methods of risk management that reduce business risk might induce choices that increase financial risk. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。