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https://ah.lib.nccu.edu.tw/handle/140.119/59525| 題名: | 非營利組織現金持有之決定因素 - 以私立大學為例 | 作者: | 鄞憶婷 | 貢獻者: | 何怡澄 鄞憶婷 |
關鍵詞: | 非營利組織 現金持有 私立大學 |
日期: | 2012 | 上傳時間: | 2-Sep-2013 | 摘要: | 現金是所有資產中流動性最高的科目，國內外有許多文獻探討營利組\r\n織對於現金持有的問題，而近年來也逐漸注重非營利組織，不過研究的主\r\n體大多以慈善團體為主，較少有以私立大學為對象，並探討其現金持有因\r\n素的研究，因此本文主要著重於私立大學現金持有因素之研究。\r\n本研究依照教育部全球資訊網公布之私立大學、私立技專院校之資料\r\n為依據，並蒐集各學校經會計師查核簽證之年度財務報表，整理完成資料\r\n庫。\r\n在 OLS 估計下發現資產報酬率對現金持有正向影響，符合投機動機；\r\n收入波動率呈正相關，符合預防動機。學校規模大小及負債比率對私立大\r\n專院校的現金持有皆有顯著之影響。在固定效果下，與 OLS 迴歸有些許的\r\n不同，收入波動率對兩者都呈負相關；負債比率在固定效果模型下呈現正\r\n相關。最後將私立大專院校分為四種類型進行迴歸，發現不同類型的學校\r\n其影響因素並不相同。 | 參考文獻: | 中文文獻：\r\n杜榮瑞、朱立倫、陳國樑、郭振雄 (1997)，「校務基金實施後國立大學院校預算分配標準及方式」，教育部八十六年委託研究計畫。\r\n江明修、陳定銘 (2001)，「台灣非營利組織政策遊說的途徑與策略」。《國立政治大學公共行政學報》，第 4 期。\r\n林雅芬 (2001)，「台灣上市公司現金持有之實證研究」，真理大學管理科學研究所。\r\n張德永 (2005)，「非營利組織的特性、功能與發展趨勢」，《T&D 飛訊》，第 36 期，國家文官培訓所。\r\n陳盈志 (2007)，「超額捐助持有對非營利組織營運之意涵」，中原大學會計學系研究所。\r\n孫悅瑄 (2007)，「台灣上市公司股權結構、自由現金流量與過度投資關聯性之研究」，成功大學會計學系研究所。\r\n宋旻錞、林江亮 (2009)，「自由現金流量對私立大學校院成長機會之影響」，《教育研究集刊》，第五十五輯第二期，69-98。\r\n林江亮、陳盈志 (2010)，「自由現金流量對非營利組織成長機會與監督效果之影響」，《會計學報》，第 3 卷第 1 期，1-20。\r\n吳枚珮 (2011)，「自由現金流量與公司治理」，成功大學會計學系研究所。\r\n\r\n英文文獻：\r\nBurton, W. (1974) , “Toward a Theory of the Voluntary Nonprofit Sector in Three-Sector Economy,” In E.Phelps. eds. Altruism Morality and Economic Theory. New York: Russel Sage.\r\n\r\nCore, John E., Wayne R. Guay, and Rodrigo S. Verdi (2006), “Agency problems of excess endowment holdings in not-for profit firms,” Journal of Accounting and Economics, 41, 307-333.\r\n\r\nDonaldson, G., (1961), “Corporate Debt Capacity: A Study of Corporate Debt Policy and the Determination of Corporate Debt Capacity,” Division of Research, Graduate School of Business Administration, Harvard University.\r\n\r\nFrazer, W.J., (1964), “Financial structure of manufacturing corporations and the demand for money some empirical findings.” Journal of Political Economy 72(2), 176-183.\r\n\r\nGore, A.K. (2009), “Why Do Cities Hoard Cash? Determinants and Implications of Municipal Cash Holdings,” The George Washington University The Accounting Review, 84(1), 183-207.\r\n\r\nHansmann, H. B. (1990), “Why do universities have endowments?” Journal of Legal Studies, 19(1), 3-42.\r\n\r\nHarford, J, (1999) “Corporate Cash Reserves and Acquisitions.” Journal of Finance, Vol.54, pp1969-1997.\r\n\r\nJensen, M.C., and Meckling, W.H. (1976), “Theory of the firm: Manageril behavior, agency cost and ownership structure.” Journal of Financial Economics 3, 305-360.\r\n\r\nJensen, M. C. (1986), “Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers,” American Economic Review, 76, 323-329.\r\n\r\nJohn, T.A. (1993), “Accounting measures of corporate liquidity, leverage, and costs of financial distress,” Financial Management, 22, 91-100.\r\n\r\nJudge, G., Griffith, W., Hill, R., and Lee, T. (1980), “Theory and Practice of Econometrics,” New York, NY: Wiley.\r\n\r\nKeynes, J. M. (1936). “The General of Theory of Employ.” Interest and Money. London, Harcourt Brace.\r\n\r\nKim, C., D. Mauer., and A. Sherman (1998), “The determinants of corporate liquidity: Theory and evidence.” Journal of Financial and Quantitative Analysis, 33, 335-359.\r\n\r\nModigliani, F., and M. H. Miller (1958), “The cost of capital, corporate finance and the theory of investment, ” American Economics Review 48, 261-297. \r\n\r\nModigliani, F., and M. H. Miller (1963), “Corporate income taxes and the cost of capital: A correction, ” American Economics Review 53, 433-443.\r\n\r\nOpler, T., L. Pinkowitz, R. Stulz, and R. Williamson (1999), “The determinants and implications of corporate cash holdings,” Journal of Financial Economics, 52, 3-46.\r\n\r\nOster, S. M. (2001), “The Effect of University Endowment Growth on Giving: Is There Evidence of Crowding Out?” Yale SOM Working Paper No. ES-10\r\n\r\nRivenson, H. L., J. R. C. Wheeler, D. G. Smith, and K. L. Reiter (2000), “Cash Management in Health Care Systems,” J Health Care Finance,26(4):59-69\r\n\r\nRivenson, H. L., K. L. Reiter, John R.C. Wheeler, and D. G. Smith (2011), “Cash Holdings of Non-for-Profit Hospitals,” J Health Care Finance, 38(2), 24-38.\r\n\r\nSalamon, L.M. (1992), “America’s Nonprofit Sector: A Primer,” N.Y.: The Foundation Center.\r\n\r\nWolf, T. (1990), “Managing A Nonprofit Oranization,” N.Y.: Prentice Hall Press. | 描述: | 碩士 國立政治大學 財政研究所 100255003 101 |
資料來源: | http://thesis.lib.nccu.edu.tw/record/#G0100255003 | 資料類型: | thesis |
| Appears in Collections: | 學位論文 |
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