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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 陳坤志 | |
dc.contributor.author | Hsiao-Yun Chang | en |
dc.contributor.author | 張筱筠 | zh_TW |
dc.date.accessioned | 2021-05-13T06:41:05Z | - |
dc.date.available | 2017-07-31 | |
dc.date.available | 2021-05-13T06:41:05Z | - |
dc.date.copyright | 2017-07-31 | |
dc.date.issued | 2017 | |
dc.date.submitted | 2017-07-05 | |
dc.identifier.citation | 一、 書籍
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/2502 | - |
dc.description.abstract | IFRIC 19認為公司所發行之外幣計價可轉債之轉換權符合負債之定義。然而將外幣計價可轉債之轉換權認列為負債,將使損益與股價呈反向變動。當企業股價上揚時,轉換權價值提升,但轉換權係企業之金融負債,企業反而須認列金融負債評價損失,造成公司獲利表現良好卻需要認列損失之奇特現象,此規定更進一步導致分析企業信用風險時陷入矛盾,外幣計價可轉債分類為負債之合理性似乎有待商榷。
本研究試圖以普通股風險及預期報酬與外幣可轉債之關係,探討新台幣及外幣計價可轉換公司債之性質究竟為負債抑或權益。實證結果顯示,普通股風險及預期報酬與新台幣計價之可轉債及外幣計價之可轉債均呈顯著負相關,顯示我國資本市場將我國企業所發行之外幣計價可轉債及新台幣計價可轉債均視為權益,與以功能性貨幣所發行之可轉債相同。實證結果也顯示,轉換價格普通重設條款及轉換價格特別重設條款並不影響外幣計價可轉債之性質。 | zh_TW |
dc.description.abstract | Under current accounting rules, Convertible Bonds (CBs) are treated as equity while European Convertible Bonds (ECBs) are treated as debt. This study reviews the logic and the theories behind this controversial rule and investigates empirically whether European Convertible Bonds share key characteristics of liabilities or equities. We find evidence that ECBs, similar to CBs, are negatively associated with the common equity risk and expected return, consistent with the notion that the market treated it as equity. The above association still exist for ECBs with repricing clauses. | en |
dc.description.provenance | Made available in DSpace on 2021-05-13T06:41:05Z (GMT). No. of bitstreams: 1 ntu-106-R04722031-1.pdf: 699764 bytes, checksum: 5e1b9c91ea3a4a560c3bfa7619a6dded (MD5) Previous issue date: 2017 | en |
dc.description.tableofcontents | 第一章 研究簡介 1
第二章 研究背景 4 2.1 負債與權益區分之現行規定 4 2.2 負債與權益區分之理論架構 5 2.3 可轉換公司債 8 2.4 可轉債之會計處理 9 2.5 海外可轉債相關之會計處理 13 第三章 文獻回顧與假說形成 22 3.1 負債與權益之定義 22 3.2 可轉債性質 24 3.3 資本結構對普通股風險報酬之影響 29 3.4 其他類似請求權之性質 30 3.5可轉債對普通股風險報酬之影響 31 3.6 研究假說 32 第四章 實證模型與變數衡量 35 4.1 變數衡量 37 4.2 樣本選取 43 4.3 敘述統計 44 4.4 相關係數分析 47 4.5 迴歸分析 47 4.6 額外分析 51 第五章 研究結論 52 附錄 55 附錄A 55 附錄B 56 參考文獻 58 | |
dc.language.iso | zh-TW | |
dc.title | 歸類為負債還是權益?海外可轉換公司債性質探討 | zh_TW |
dc.title | Debt or Equity?The Characteristics of European Convertible Bonds | en |
dc.type | Thesis | |
dc.date.schoolyear | 105-2 | |
dc.description.degree | 碩士 | |
dc.contributor.coadvisor | 高偉娟 | |
dc.contributor.oralexamcommittee | 林嬋娟,尤琳蕙 | |
dc.subject.keyword | 海外可轉債,海外可轉換公司債,性質,負債或權益,功能性貨幣, | zh_TW |
dc.subject.keyword | IFRIC19,ECB,liability or equity,debt or equity, | en |
dc.relation.page | 64 | |
dc.identifier.doi | 10.6342/NTU201701265 | |
dc.rights.note | 同意授權(全球公開) | |
dc.date.accepted | 2017-07-05 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 會計學研究所 | zh_TW |
顯示於系所單位: | 會計學系 |
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