兩岸經貿政策對兩岸貨櫃海運廠商經營效率之影響分析

Abstract

本研究目的在於檢視兩岸經貿政策與公股比例對於兩岸貨櫃海運廠商獲利率的影響。我們先觀察兩岸在2005-2013年間兩岸所簽署之經貿政策，並觀察兩岸貨櫃海運廠商公股所佔之比例變化，瞭解影響兩岸貨櫃海運廠商之經貿政策與廠商異質性後，進一步以Panel Data的隨機效果模型檢視是否對於兩岸廠商的獲利率上有所影響。本研究的實證結果發現，兩岸經貿政策對於廠商的獲利率有顯著之影響，然而該影響程度因貨櫃海運廠商的國籍不同而有所差異；在控制廠商的規模、廠齡等變數下，公股所佔比例對於兩岸貨櫃海運廠商的獲利率也有顯著影響，且該影響效果因貨櫃海運廠商的國籍不同而有所差異。

This study mainly focused on the impact of Cross-Strait Economic and Trade Polices on Taiwanese & Chinese shipping firms performance. To answer it, we observe Cross-Strait Economic and Trade Polices and government share of Cross-Strait firms in 2005-2013. And we can realize which Cross-Strait Economic is important and the alteration of government share. Furthermore, we use Panel Data(Random Effect) to analyze which Cross-Strait Economic and Trade Polices have influence on ROA. According to empirical results, we find that Cross-Strait Economic and Trade Polices, the government share of firms impact the shipping firm's ROA.