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研究生:李建邦
研究生(外文):LEE, CHIEN-PANG
論文名稱:政治不確定性對公司現金持有之影響:以台灣為例
論文名稱(外文):The Effect of Political Uncertainty on Corporate Cash Holdings: Evidence from Taiwan
指導教授:盧建霖盧建霖引用關係
指導教授(外文):LU, CHIEN-LIN
口試委員:陳志鈞翁胤哲
口試委員(外文):CHEN, CHIH-CHUNWENG, YIN-CHE
口試日期:2020-06-24
學位類別:碩士
校院名稱:國立宜蘭大學
系所名稱:應用經濟與管理學系應用經濟學碩士班
學門:商業及管理學門
學類:其他商業及管理學類
論文種類:學術論文
論文出版年:2020
畢業學年度:108
語文別:中文
論文頁數:43
中文關鍵詞:現金持有預防性動機政治不確定性
外文關鍵詞:Cash HoldingPrecautionary SavingPolitical Uncertainty
相關次數:
  • 被引用被引用:0
  • 點閱點閱:288
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  • 下載下載:0
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中文摘要 i
英文摘要(Abstract) ii
誌謝 iii
目錄 iv
表目錄 vi
圖目錄 vii
第壹章 緒論 1
第一節 研究背景與動機 1
第二節 研究架構與流程 3
第貳章 文獻回顧與假說建立 4
第一節 政治不確定性 4
第二節 公司現金持有量 5
第三節 政治不確定性與公司現金持有量 5
第四節 假說建立 6
第參章 研究方法 8
第一節 樣本描述 8
第二節 政治不確定性代理變數定義 10
第三節 實證模型 11
第肆章 實證結果分析 13
第一節 敘述性統計與相關性分析 13
第二節 政治不確定性與公司現金持有 16
第三節 公司異質性與現金持有決策 17
第四節 穩健度測試 23
第伍章 討論 29
第一節 政治不確定性、縣市首長選舉與公司現金持有 29
第二節 公司現金持有現金來源 31
第陸章 結論與建議 37
參考文獻 38
一、中文文獻 38
二、英文文獻 38
附錄 43


一、中文文獻
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蔡俊佑(2010)。公司治理對於企業持有現金價值之影響。國立彰化師範大學商業教育學系碩士論文,彰化市。取自https://hdl.handle.net/11296/guuezn
林嘉慧、林美倫、郭玟秀(2010)。公司治理與超額現金持有之償付決策關係。中山管理
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蘇玄啟、羅仙法、施懿宸、李汶育(2016)。台灣上市公司的現金持有、現金持有價值與公司生命週期:預防性動機假說之驗證。臺大管理論叢,26(2),173-210。http://dx.doi.org/10.6226/NTUMR.2016.FEB.R.13010
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Bates, T. W., Kahle, K. M., & Stulz, R. M. (2009). Why do U.S. firms hold so much more cash than they used to? The Journal of Finance, 64(5), 1985-2021. https://doi.org/10.1111/j.1540-6261.2009.01492.x
Bhattacharya, U., Hsu, P. H., Tian, X., & Xu, Y. (2017). What affects innovation more: Policy or policy uncertainty? Journal of Financial and Quantitative Analysis, 52(5), 1869-1901. https://doi.org/10.1017/S0022109017000540
Bolton, P., Chen, H., & Wang, N. (2013). Market timing, investment, and risk management. Journal of Financical Economics, 109(1), 40-62. https://doi.org/10.1016/j.jfineco.2013.02.006
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Dittmar, A., Mahrt-Smith, J., & Servaes, H. (2003). International corporate governance and corporate cash holdings. Journal of Financial and Quantitative analysis, 38(1), 111-133.
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