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| 研究生： |
陳佳欣 Chen, Chia-Hsin |
|---|---|
| 論文名稱： |
財務限制和研發投資對廠商銷售值之影響－以台灣高科技產業為例 The influence of financial restrictions and R&D investment on firms’ sales: evidence on the high technology industry in Taiwan |
| 指導教授： |
李宜
Lee, Yi |
| 口試委員: |
林世昌
Lin, Eric S. 林靜儀 Lin, Ching-Yi |
| 學位類別： |
碩士 Master |
| 系所名稱： |
科技管理學院 - 經濟學系 Department of Economics |
| 論文出版年： | 2018 |
| 畢業學年度： | 106 |
| 語文別： | 中文 |
| 論文頁數： | 34 |
| 中文關鍵詞： | 銷售值 、研發投資 、財務狀況 |
| 外文關鍵詞： | Sales, R&D investment, Financial condition |
| 相關次數： | 點閱：3 下載：0 |
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本研究使用2004 年至2017 年廠商個體的資料，並根據行政院主計處105 年
1 月公布的「行業標準分類第10 次修訂」的產業分類，選取行業代碼前兩碼為
26、27 的廠商，分別是電子零件組製造業與電腦、電子產品及光學製品製造業作
為本研究分析的主要對象，分析廠商的財務狀況與研發投資對銷售值的影響，並
以系統性動差法進行估計。其中廠商的財務狀況以盈利能力、流動性、槓桿比率、
TCRI 信用評等作為衡量依據，在實證結果顯示研發投資對銷售值有正向顯著影
響，且在廠商財務狀況的部份，實證結果顯示盈利能力與流動性對銷售值有正向
顯著影響、槓桿比率對銷售值有負向影響、TCRI 信用評等對銷售值有負向顯著
影響，表示廠商的財務狀況較好(高盈利能力、高流動率、低槓桿比率、TCRI 信
用評等佳)則對銷售值較有正向影響。
Using a panel dataset of Taiwan’s high technology firm over the periods 2004-2017, we explore the links among firms’ financial condition, R&D investments, and their sales revenue. To analyze the financial condition of manufacturers and the impacts of the R&D investment on firms’ sales revenue, our empirical approach applies the system GMM. The empirical results show that both firms’ R&D investments and financial condition have positive impacts on their sales revenue.
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