| dc.contributor.advisor | 吳啟銘 | zh_TW |
| dc.contributor.author (Authors) | 陳蓉瑱 | zh_TW |
| dc.creator (作者) | 陳蓉瑱 | zh_TW |
| dc.date (日期) | 2009 | en_US |
| dc.date.accessioned | 8-Dec-2010 13:18:49 (UTC+8) | - |
| dc.date.available | 8-Dec-2010 13:18:49 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Dec-2010 13:18:49 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0097355032 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/49533 | - |
| 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) | 97355032 | zh_TW |
| dc.description (描述) | 98 | zh_TW |
| dc.description.abstract (摘要) | 本篇論文探討亞太地區債券市場中是否存在著擇時行為，以此區域中三個經濟區為代表—澳洲、新加坡及香港，透過分析此區域2000~2009期間的絕對利率、相對利率與絕對債券發行量、相對債券發行量間之關係，以及進一步控制影響企業債券發行之因素，包括市場的成長機會、再融資及企業特性等，最後，實證結果指出亞太地區之債券市場並無擇時行為之存在，且其融資行為較傾向支持靜態抵換理論，亦即亞太企業進行舉債融資時較可能同時考慮舉債所帶來的正面及負面效果，因此有一最適資本結構存在的可能。 | zh_TW |
| dc.description.abstract (摘要) | The purpose of this thesis is to test whether there is market timing behavior existing in Asia-pacific bond market. Using the data during 2000~2009 in three representative places, including Australia, Hong Kong and Singapore, we compare both the absolute and relative interest rate to both the absolute and relative amount of debt issue. In addition, we further control the factors that affect the debt issue of firms, including the market growth opportunities, refinancing and the characteristics of firms. Finally, we find there is no market timing behavior in Asia-pacific bond market. Besides, firms’ financing behavior in Asia-pacific are better explained by the trade-off theory, which means it is possible that there is a optimal capital structure for each firm. | en_US |
| dc.description.tableofcontents | 謝誌 中文摘要 英文摘要目錄 Ⅰ表目錄 Ⅱ圖目錄 Ⅲ第一章 緒 論 1 第一節 研究動機與背景 1 第二節 研究目的 1 第三節 研究架構 2第二章 文獻探討 4 第一節 資本結構理論 4 第二節 資本結構理論之實證研究 10 第三節 亞太地區市場擇時之實證研究 11第三章 研究方法 13 第一節 研究假說 13 第二節 研究資料選取 15 第三節 研究變數設定 16 第四節 研究方法描述 22第四章 研究結果與分析 30第五章 結論與建議 74參考文獻 75 | zh_TW |
| dc.format.extent | 464925 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0097355032 | en_US |
| dc.subject (關鍵詞) | 市場擇時理論 | zh_TW |
| dc.subject (關鍵詞) | 靜態抵換理論 | zh_TW |
| dc.subject (關鍵詞) | 融資順位理論 | zh_TW |
| dc.subject (關鍵詞) | Market timing theory | en_US |
| dc.subject (關鍵詞) | Trade-off theory | en_US |
| dc.subject (關鍵詞) | Pecking order theory | en_US |
| dc.title (題名) | 亞太地區債券市場擇時行為之實證研究 | zh_TW |
| dc.title (題名) | An empirical study of market timing in Asia-Pacific bond market. | en_US |
| dc.type (資料類型) | thesis | en |
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