| dc.contributor.advisor | 吳文傑 | zh_TW |
| dc.contributor.advisor | Wu, Jack | en_US |
| dc.contributor.author (Authors) | 黃慧芳 | zh_TW |
| dc.contributor.author (Authors) | Huang, Grace | en_US |
| dc.creator (作者) | 黃慧芳 | zh_TW |
| dc.creator (作者) | Huang, Grace | en_US |
| dc.date (日期) | 2009 | en_US |
| dc.date.accessioned | 15-Jun-2010 16:24:45 (UTC+8) | - |
| dc.date.available | 15-Jun-2010 16:24:45 (UTC+8) | - |
| dc.date.issued (上傳時間) | 15-Jun-2010 16:24:45 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0092933009 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/38426 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 國際經營管理碩士班(IMBA) | zh_TW |
| dc.description (描述) | 92933009 | zh_TW |
| dc.description (描述) | 98 | zh_TW |
| dc.description.abstract (摘要) | 評航空業之財務表現 | zh_TW |
| dc.description.abstract (摘要) | Airline business is an industry of high profile, however, its profit performance has been well below average and highly instable compared with firms in other industries. In recently years, some unforeseeable events such as terrorist attacks in 2001, the outbreak of SARS of 2003 and doubled oil price since 2005, have made this business more difficult to survive in. Taiwanese airline companies, operating in the most fast-growing Asia Pacific market, are sharing the same risks and facing the same challenges as well. The two international operators in this small island are still able to survive, however, the financial results of both have been seriously deteriorated by record high oil price and other non-cyclical event for recent years. On the other hand, cross strait direct link is expected to help Taiwan airline industry gain altitude in the future. The objective of this study is to examine the financial performance for two major Taiwan airlines, China Airlines and EVA Airways during this period through financial ratio analysis instruments and to find out the main factors behind the results. | en_US |
| dc.description.abstract (摘要) | Table of Contents List of Figures 3 List of Tables 4 Acknowledgements 6 Abstract 7 Chapter 1 Introduction 8 1.1 Background 8 1.2 Objective of the study 9 1.3 Thesis structure 9 Chapter 2 Overview of global and Taiwan airline industry 11 2.1 Description of the industry 11 2.1.1 Definition 11 2.1.2 Key Characteristics 11 2.2 Key industry trend 14 2.3 Global market 23 2.4 Taiwan airline industry 28 2.4.1The characteristics of Taiwan airlines industry 28 2.4.2 Market 33 2.4.3 Financial Performance 37 Chapter 3 Case profile 39 3.1 China Airlines 39 3.2 EVA Airways 50 3.3 Comparison of two cases 61 Chapter 4 Financial analysis 70 4.1 Financial evaluation method 70 4.1.1Ratio analysis 70 4.1.2 Methodology of Morgan Stanley’s credit advisory 75 4.1.3 Evaluation method developing by Wang long-Ju 79 4.2 Ratio Analysis on case companies 80 Chapter 5 Conclusion of the financial analysis 94 Chapter 6 Limitation of this study and recommendations for further study 98 Reference 100 | - |
| dc.description.tableofcontents | Table of Contents List of Figures 3 List of Tables 4 Acknowledgements 6 Abstract 7 Chapter 1 Introduction 8 1.1 Background 8 1.2 Objective of the study 9 1.3 Thesis structure 9 Chapter 2 Overview of global and Taiwan airline industry 11 2.1 Description of the industry 11 2.1.1 Definition 11 2.1.2 Key Characteristics 11 2.2 Key industry trend 14 2.3 Global market 23 2.4 Taiwan airline industry 28 2.4.1The characteristics of Taiwan airlines industry 28 2.4.2 Market 33 2.4.3 Financial Performance 37 Chapter 3 Case profile 39 3.1 China Airlines 39 3.2 EVA Airways 50 3.3 Comparison of two cases 61 Chapter 4 Financial analysis 70 4.1 Financial evaluation method 70 4.1.1Ratio analysis 70 4.1.2 Methodology of Morgan Stanley’s credit advisory 75 4.1.3 Evaluation method developing by Wang long-Ju 79 4.2 Ratio Analysis on case companies 80 Chapter 5 Conclusion of the financial analysis 94 Chapter 6 Limitation of this study and recommendations for further study 98 Reference 100 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0092933009 | en_US |
| dc.subject (關鍵詞) | 財務表現 | zh_TW |
| dc.title (題名) | 評航空業之財務表現 | zh_TW |
| dc.title (題名) | A study on financial performance of airlines industry | en_US |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | 【1】Andrew Fernow ,Christopher Smith,2003, Greater China Aviation Sector Report, Primasia Securities Group | zh_TW |
| dc.relation.reference (參考文獻) | 【2】Eugene F. Brigham,1989, Fundamentals of Financial Management, Dryden press publisher | zh_TW |
| dc.relation.reference (參考文獻) | 【3】Glenn Engel, Sheldon Wong and Abigail Bookman,2005, Transportation : Airlines, United States, Goldman Sachs Global Investment Research | zh_TW |
| dc.relation.reference (參考文獻) | 【4】Jamie Pratt,2003, Financial accounting In an Economic Context, John Wiley & Sons, Inc. | zh_TW |
| dc.relation.reference (參考文獻) | 【5】Morgan Stanley,2003, Discussion on Rating | zh_TW |
| dc.relation.reference (參考文獻) | 【6】Peter Negline, 2003,Taiwan Airlines, Initiations of Coverage, JP Morgan Investment Research | zh_TW |
| dc.relation.reference (參考文獻) | 【7】Rigas Doganis, 1991,Flying off Course: The Economics of International Airlines, Routledge. | zh_TW |
| dc.relation.reference (參考文獻) | 【8】Wong long-Ju,2001,The Comparative Analysis of Applying Different Indicator Types to the Performance Evaluation in Both Air lines and Highway Bus Companies, Journal of the Eastern Asia Society for Transportation Studies, Vol.4, No.1, pp.13-25. | zh_TW |
