| dc.contributor.advisor | 屠美亞 | zh_TW |
| dc.contributor.advisor | Tu, Mei-ya | en_US |
| dc.contributor.author (作者) | 吳家昌 | zh_TW |
| dc.contributor.author (作者) | Wu, Chia-Chang | en_US |
| dc.creator (作者) | 吳家昌 | zh_TW |
| dc.creator (作者) | Wu, Chia-Chang | en_US |
| dc.date (日期) | 2004 | en_US |
| dc.date.accessioned | 18-九月-2009 13:37:25 (UTC+8) | - |
| dc.date.available | 18-九月-2009 13:37:25 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-九月-2009 13:37:25 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0913550072 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/35034 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 企業管理研究所 | zh_TW |
| dc.description (描述) | 91355007 | zh_TW |
| dc.description (描述) | 93 | zh_TW |
| dc.description.abstract (摘要) | 過去國內學者研究購併後公司績效的變化，皆發現整體的績效降低，與國外學者的研究發現相異。由於國內學者使用的衡量變數並未調整產業結構因素，以及不同會計方法可能對衡量變數產生的影響，所以我們採用Healy et.al.（1992）的衡量變數，發現如下的結果：一、購併後公司的實質經營績效有顯著的改善二、分析綜效產生的來源，結果顯示購併之後，資產效率性雖然降低，但是現金利潤率提高。而且由於現金利潤率對於實質經營績效的貢獻較大，故購併後期的實質經營績效，較購併前期提高。三、產業購併有群聚的現象。在產業收縮下進行的購併的公司，實質經營績效改善程度較高。績效改善的來源，為現金利潤率的顯著提升，資產周轉率不顯著異於擴張產業的購併公司四、在產業擴張下進行購併的公司，購併前後實質經營績效無顯著差異是故，當公司處於收縮的產業中，可藉由購併去整合資源，節省營業成本，達成績效上的提升。在擴張的產業中，公司也可藉由購併去快速獲取市場機會，但是購併後公司的經營績效並未顯著提升，抑或下降，所以在購併價格的支付上，必須注意避免過度支付。 | zh_TW |
| dc.description.tableofcontents | 第一章 緒論 第一節 研究動機 1 第二節 研究目的 3 第三節 研究流程與論文架構 4第二章 文獻回顧 第一節 購併之定義 6 第二節 購併的會計處理方法 7 第三節 企業進行購併的動機 9 第四節 購併對企業績效的影響 11 第五節 購併支付方式對企業績效的影響 13 第六節 產業因素對購併的影響 13第三章 研究方法 第一節 研究假說 18 第二節 變數定義 19 第三節 研究方法 23 第四節 實證模型設定 26 第五節 樣本篩選 27第四章 實證結果與分析 第一節 敘述性統計分析 30 第二節 產業購併活動之群聚現象探討 39 第三節 購併實質績效之探討與來源分析 40 第四節 產業對購併實質績效之影響 43 第五節 健全性測試(Robustness Test) 45第五章 結論與建議 第一節 研究結論 48 第二節 研究限制與建議 49附錄 51參考文獻 55 | zh_TW |
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| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0913550072 | en_US |
| dc.subject (關鍵詞) | 購併 | zh_TW |
| dc.subject (關鍵詞) | 營運績效 | zh_TW |
| dc.subject (關鍵詞) | 產業景氣 | zh_TW |
| dc.title (題名) | 產業景氣與購併績效之研究 | zh_TW |
| dc.type (資料類型) | thesis | en |
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