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研究生:朱毓潔
研究生(外文):Yu-Chieh Chu
論文名稱:以財務觀點衡量國際併購衍生之資金成本風險-以健身器材業為例
論文名稱(外文):Evaluating the Capital Cost Risk of International Mergers from Financial Perspective: Taking the Fitness Equipment Industry as an Example
指導教授:陳雪如陳雪如引用關係
指導教授(外文):Hsueh-Ju Chen
口試委員:王致怡黃瓊瑤
口試日期:2023-05-19
學位類別:碩士
校院名稱:國立中興大學
系所名稱:會計學研究所
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:2023
畢業學年度:111
語文別:中文
論文頁數:48
中文關鍵詞:國際併購資本結構加權平均資金成本合約缺失
外文關鍵詞:International Mergers and AcquisitionsCapital StructureWeighted Average Cost of CapitalLack of Contracts
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  • 收藏至我的研究室書目清單書目收藏:0
於科技快速變遷的時代,併購一直都是企業迅速拓展版圖的一種方式。由於國際併購複雜度高,因此國際併購所會遇到的問題及成功因素為大家所關注。本文以台灣C公司為研究個案,探討因跨國併購合約疏失導致重大訴訟損失引起之資金需求,故本研究從資金成本、持股比率以及每股盈餘探討籌措資金方案,以評估台灣C公司最適資本結構與資金籌措可行方式。此外,由於台灣因政策長期處於低利時代,因此本研究亦針對若處於高利時代對資本結構之影響進行探討,以作為未來政策變動時之參考依據。
In the era of rapid technological changes, mergers and acquisitions have always been a way for companies to rapidly expand their territory. Due to the high complexity of international mergers and acquisitions, the problems and success factors encountered in international mergers and acquisitions have attracted everyone's attention. This article takes Taiwan C company as a research case to discuss the capital needs caused by major litigation losses due to the negligence of cross-border M&A contracts. Therefore, this study discusses the financing plan from the capital cost, shareholding ratio and earnings per share to evaluate the optimal capital of Taiwan C company Possible ways of structure and financing. In addition, because Taiwan has been in an era of low interest rates for a long time due to its policies, this study also discusses the impact on capital structure if it is in an era of high interest rates, as a reference for future policy changes.
摘要 i
Abstract ii
目次 iii
表目次 iv
圖目次 v
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 5
第三節 研究架構 6
第二章 文獻探討 8
第一節 國際併購之重要性 8
第二節 併購成功的因素 9
第三節 併購支付方式之選擇 13
第三章 研究方法 14
第一節 個案研究對象 14
第二節 個案研究法 17
第三節 財務分析 17
第四章 財務分析 19
第一節 資金成本之計算 19
第二節 財務比率影響 25
第三節 最適資本結構 30
第四節 募集資金方式 39
第五章 結論與建議 42
第一節 研究結論 42
第二節 研究限制與未來展望 44
參考文獻 45
一、 中文部分 45
二、 西文部分 45
一、中文部分
LISA(2020年6月2日)。群眾募資為什麼夯?尋找相同理念的人合作不再是難事.。加分誌。https://www.myplus.com.tw/article-20210602/1601/1
太郎編(2022年6月30日)。群眾募資懶人包:4 種募資型態&台灣群募3大平台介紹。Aifian。https://blog.aifian.com/2022/06/30/crowdfunding-platforms-in-taiwan/
陳映璇(2022年6月2日)。企業大併購時代來臨,4張圖看懂熱潮!科技、金融、生技都炙手可熱。數位時代。https://www.bnext.com.tw/article/69679/pwc-taiwan-mna-2022
張文科 (1986)。教育研究法。五南圖書。

二、西文部分
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