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Accounts receivable, by which we can assess the financial statement of a company, plays an important role in credit trading. In this thesis, we collect the financial statements of electronic companies in Taiwan Economic Journal from 2010 to 2017 and several economic variables from the Ministry of Economic Affairs and the Central Bank. We set up a panel data model to analyze which factors impact the company''s accounts receivable. In this thesis, independent variables include current liabilities, shareholders'' equity, net revenue, electronic industry orders, electronics industry production index, interest rates and money supply. We also categorize the companies by their assets amount to analyze whether results of different sizes of companies varies. We take natural logarithm and first-order difference of the original data to make the data as the growth rate so as to avoid spurious regression. In addition to studying the impact of the current independent variables on the current accounts receivable, we also discuss the impact of the previous independent variables on the current accounts receivable. The accounts receivable for more than two quarters will be converted into bad debts. Therefore, the independent variables for more than two quarters won’t be considered. As the result, we confirm that all of the internal factors, industrial prosperity and the overall economy have an impact on the accounts receivable. Some of the variables have different timeliness. For example, electronic industry orders and money supply have a faster impact, which are significant in the current period. The impact of the electronics industry production index and interest rate are relatively slow, which are significant after one or more periods later. The positive growth or negative growth of current accounts receivable may not be a response to the current business. On the contrary, it may be a rebound of past impacts.
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