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Title:	影響廠商成長之決定因素實證研究：以臺灣上市櫃公司為例 The Determinants of Firm Growth of Taiwanese Listed Companies
Authors:	劉宜芳 Liu, Yi-Fang
Contributors:	翁永和 Weng, Yung-Ho 劉宜芳 Liu, Yi-Fang
Keywords:	廠商成長廠商規模臺灣企業 Firm growth Firm size Taiwan enterprise
Date:	2022
Issue Date:	2022-08-01 18:38:05 (UTC+8)
Abstract:	本研究自TEJ資料庫取得2013年至2021年我國上市櫃公司資料為研究樣本，並運用最小平方法，探討廠商特性（廠商規模、廠齡及資本密集度）、營運策略（研發支出、現金流量及財務槓桿）及公司治理（高階經理人持股比率、董監事持股比率及外資持股比率）等因素與廠商成長之關聯性。研究結果發現「資本密集度」、「研發支出」、「高階經理人持股比率」、「董監事持股比率」與「外資持股比率」對廠商成長具有顯著正向影響。「廠齡」對廠商成長具有顯著負向影響；「廠商規模」與「現金流量」對廠商成長具有正向影響，但不具顯著效果；另「財務槓桿」對廠商成長具有負向影響，但不具顯著效果。 This study obtains the data of my country`s listed companies from the 2013 to 2021 TEJ database as research sample, and uses the Ordinary Least Squares method to explore the firm characteristic (Firm size, Firm age and Capital intensity), operating strategy (R&D expenditure, Cash flow and Financial leverage) and corporate governance (Shareholding ratio of the executives, Shareholding ratio of the directors and Shareholding ratio of the foreign investors) the correlation between other factors and the growth of firm. The results of the research show that "Capital intensity", "R&D expenditure", "Shareholding ratio of the executives", "Shareholding ratio of the directors", " Shareholding ratio of the foreign investors" have a significant positive impact on the growth of firm. "Frim age" have a significant negative impact on the growth of firm. "Firm size" and "Cash flow" have a positive impact on the growth of firm, but had no significant impact; "Financial leverage" have a negative impact on the growth of firm, but had no significant impact.
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Description:	碩士國立政治大學行政管理碩士學程 109921044
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0109921044
Data Type:	thesis
DOI:	10.6814/NCCU202200737
Appears in Collections:	[Master for Eminent Public Administrators] Theses

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