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研究生:何婉如
研究生(外文):Wan-Ru He
論文名稱:供應鏈金融與權益價值之影響-以汽車業為例
論文名稱(外文):Shareholder Value from Supply Chain Finance-A Case of Automobile Industry
指導教授:柯瓊鳳柯瓊鳳引用關係
指導教授(外文):Chiung-Feng Ko
口試委員:蔡慶年簡雪芳
口試委員(外文):Ching-Nien TsaiHsueh-Fang Chien
口試日期:2015-06-03
學位類別:碩士
校院名稱:東吳大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2015
畢業學年度:103
語文別:中文
論文頁數:59
中文關鍵詞:商業授信供應鏈金融權益價值超額報酬汽車業
外文關鍵詞:trade creditsupply chain financeshareholder wealthexcess returnsautomobile industry
相關次數:
  • 被引用被引用:1
  • 點閱點閱:147
  • 評分評分:
  • 下載下載:16
  • 收藏至我的研究室書目清單書目收藏:0
本研究主要探討台灣與大陸汽車產業之權益價值與供應鏈金融之關係,且進一步研究公司於供應鏈位階不同時是否會造成權益價值之差異。另外,本文將研究公司在市場上之影響力是否影響其權益價值以及公司之權益價值與產品品質之關聯性。
研究結果發現,整體汽車產業迴歸結果顯示,供應鏈金融之變數,應收帳款與權益價值呈現正向關係,且公司在供應鏈中位階不同也對權益價值有顯著影響,支持假說一。在市場影響力部分,市占率與權益價值呈現負向顯著之關係。有關品質衡量之變數,研發費用與權益價值呈現負向顯著關係,另一品質變數資產週轉率與權益價值則呈現正向顯著相關。

This study focuse on the relationship between the shareholder value and supply chain finance both in Taiwan and China automobile industries. And further research the company in difference stream is there difference influence in the shareholder value. In addition, this paper examines whether the market power influence the shareholder value and the relationship between shareholder value and the quality of the product.
Robust results suggest that excess returns and changes in accounts receivables are directly and significantly related. This finding supports H1. There are a negative relationship between excess returns and market share. The variables of quality measures, excess returns is negative associated with R&D, another variable total assets turnover is significant positively with excess returns.

摘要 I
Abstract II
目錄 III
表目錄 V
圖目錄 VI
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 3
第三節 論文架構與研究流程 4
第二章 文獻探討 6
第一節 供應鏈金融 6
第二節 汽車產業概況 11
第三節 汽車業之供應鏈 15
第四節 供應鏈與權益價值 17
第三章 研究方法 21
第一節 研究假說 21
第二節 實證設計及模型 23
第三節 變數定義與衡量 25
第四節 樣本選取與資料來源 29
第四章 實證結果及分析 31
第一節 樣本描述與敘述性統計 31
第二節 相關係數分析與迴歸基本之假設檢定 35
第三節 實證結果分析 40
第五章 研究結論及建議 52
第一節 研究結論 52
第二節 研究限制與建議 54
參考文獻 55
中文文獻 55
英文文獻 56

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