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系統識別號 U0026-2701201416545000
論文名稱(中文) 集團企業之初次公開上市櫃績效研究
論文名稱(英文) The Study of Business Groups on IPO Performance
校院名稱 成功大學
系所名稱(中) 經營管理碩士學位學程(AMBA)
系所名稱(英) Advanced Master of Business Administration (AMBA)
學年度 102
學期 1
出版年 103
研究生(中文) 林美芳
研究生(英文) Mei-Fang Lin
學號 rd6011159
學位類別 碩士
語文別 中文
論文頁數 47頁
口試委員 指導教授-張紹基
口試委員-林軒竹
口試委員-許永明
中文關鍵字 集團企業  IPO  績效 
英文關鍵字 business group  IPO  performance 
學科別分類
中文摘要 本研究之目的為探討集團企業在IPO後的長期經營績效表現,以及影響其表現之因素。本研究蒐集台灣2005~2009年IPO之樣本,採用T檢定及多元迴歸分析,實證結果發現,集團企業的股東權益報酬率在IPO後第三年較非集團企業差。接著,進一步針對集團企業樣本做迴歸分析之實證結果,其結果如下:若為電子產業者,其長期績效越佳;若為熱市中所發行的IPO,其長期績效越差;公司規模越大,其長期績效越佳。
英文摘要 The aim of this study is to analyse the performance of Taiwan initial public offering (IPO) during the period from 2005 until 2009, differentiating the analysis by business groups and non-business groups. We consider ROE as the performance dimension and apply both T-test and multiple regression analysis in the research, the results are as follows:
(1)There is a negative impact on business groups on ROE performance than non-business groups 3 year after IPO.
(2)If the business group is belonged to electronic industry, there is a positive performance in the long run.
(3)If the business group is IPO in a hot issue markets, there is a negative performance in the long run.
(4)There is a positive correlation between the firm size of a business group and the IPO performance in the long run.
論文目次 摘要 I
Extended Abstract II
誌謝 V
目錄 VI
表目錄 VIII
圖目錄 VIII
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 2
第三節 研究架構與流程 3
第二章 文獻探討與假說 5
第一節 初次上市上櫃公司績效表現 5
第二節 集團企業定義與相關文獻 9
第三節 集團企業之特性 12
第四節 集團企業之績效探討 16
第五節 影響IPO績效之因素 17
第三章 樣本與研究設計 20
第一節 研究樣本與來源 20
第二節 變數衡量 24
第三節 研究方法 26
第四章 實證結果與分析 27
第一節 敘述性統計 27
第二節 迴歸分析 31
第三節 討論 35
第五章 結論與建議 36
第一節 研究結論 36
第二節 研究限制與研究建議 37
參考文獻 38
附錄一 樣本清單 44
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英文部分
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