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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/54527完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 廖咸興(Hsien-hsing Liao) | |
| dc.contributor.author | Yu-Ching Lu | en |
| dc.contributor.author | 路淯晴 | zh_TW |
| dc.date.accessioned | 2021-06-16T03:02:15Z | - |
| dc.date.available | 2018-08-11 | |
| dc.date.copyright | 2015-08-11 | |
| dc.date.issued | 2015 | |
| dc.date.submitted | 2015-07-01 | |
| dc.identifier.citation | Baker, M., and Wurgler, J., 2002, “Market timing and capital structure”. The Journal of Finance 57, 1-32.
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/54527 | - |
| dc.description.abstract | 過去研究公司債利差多採公司本身之相關變數，如槓桿比率(Collin-Dufresne et al. (2001))、股價變異數(Campbell and Taksler (2003))等，以及總體經濟相關數據，如10年期國庫券殖利率、S&P 500指數等。但鮮少有文獻提到同產業公司間之互動對公司債利差之影響，故本研究利用Leary and Roberts (2014)的同產業公司平均股價報酬衝擊作為同產業資本結構(槓桿比率)變化之代理變數，探討同產業公司之資本結構變化對公司債之利差之影響。結果顯示，同產業間公司資本結構的變化確實會對公司自身資本決策造成顯著的影響，進而影響公司債利差，且為正相關。本論文另對公司規模大小對同產業公司之槓桿比率對公司債利差推論之影響，及景氣狀況對同產業公司之槓桿比率對公司債利差推論之影響進行檢測。 | zh_TW |
| dc.description.abstract | This study investigates the relationship between peer firms’ leverage and corporate bond yield spreads. We employ the average of the peer firms’ stock return shocks as a proxy of change of the peer firms’ capital structures. This approach is developed in Leary and Roberts (2014). The empirical results of this study show that the change of peer firms’ capital structure does affect a firm’s bond yield spread. Moreover, we find that firms with smaller market cap are sensitive to the peer firms’ stock return shock. We also explore that this peer effect is much stronger during economic troughs. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-16T03:02:15Z (GMT). No. of bitstreams: 1 ntu-104-R02723006-1.pdf: 757529 bytes, checksum: a89fdf672486bdad615529e87f1a6d3b (MD5) Previous issue date: 2015 | en |
| dc.description.tableofcontents | 口試委員審定書 i
誌謝 ii 摘要 iii Abstract iv 目錄 v 圖表目錄 vi 第一章、概述 1 第二章、研究假說 4 第三章、研究樣本與研究方法 5 A. 公司槓桿比率代理變數：股價報酬衝擊(Stock Return Shock) 5 B. 控制變數介紹 8 第四章、研究結果與分析 11 A. 同產業公司之槓桿比率對公司債利差之影響 11 B. 公司規模大小對同產業公司之槓桿比率對公司債利差推論之影響 12 C. 景氣狀況對同產業公司之槓桿比率對公司債利差推論之影響 13 第五章、結論 15 參考文獻 16 | |
| dc.language.iso | zh-TW | |
| dc.subject | 資本結構 | zh_TW |
| dc.subject | 同產業間互動 | zh_TW |
| dc.subject | 資本結構 | zh_TW |
| dc.subject | 槓桿比率 | zh_TW |
| dc.subject | 同產業間互動 | zh_TW |
| dc.subject | 公司債利差 | zh_TW |
| dc.subject | 公司債利差 | zh_TW |
| dc.subject | 槓桿比率 | zh_TW |
| dc.subject | Interaction with peer firms | en |
| dc.subject | Leverage | en |
| dc.subject | Yield spread | en |
| dc.subject | Interaction with peer firms | en |
| dc.subject | Capital structure | en |
| dc.subject | Leverage | en |
| dc.subject | Capital structure | en |
| dc.subject | Yield spread | en |
| dc.title | 同產業公司槓桿比率之改變對公司債券利差之影響 | zh_TW |
| dc.title | Peer Firms’ Leverage Affects Corporate Bond Yield Spreads | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 103-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 李阿乙(Ahyee Lee),陳宗岡(Tsung-kang Chen) | |
| dc.subject.keyword | 資本結構,槓桿比率,同產業間互動,公司債利差, | zh_TW |
| dc.subject.keyword | Capital structure,Leverage,Interaction with peer firms,Yield spread, | en |
| dc.relation.page | 27 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2015-07-02 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| 顯示於系所單位： | 財務金融學系 | |
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