期刊論文
| 學年 | 104 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2016-05-26 |
| 作品名稱 | The Effects of Financial Leverage Changes on Stock Returns: A Study of Exchange Rate Volatility |
| 作品名稱（其他語言） | |
| 著者 | Wu, Chin-Shan; Ming-Chih Lee; Chien-Liang Chiu |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | International Journal of Information and Management Sciences 26(2), p.123-138 |
| 摘要 | This essay aims to discuss the changes of capital structure toward stock returns and return on assets, with a further introduction of interference factors of exchange rate risks. The correlational changes of both factors would be analyzed in terms of different fluctuation levels. The empirical results show significant discoveries: both the factors have positive correlations. Reasons can be deduced from the willingness of trading firms, the company operational requirements, and the psychology of return expectation. Thus, this study suggests the investors to include exchange rate fluctuation index, while the government shall timely open up to corporate transactions and the corporate should carry out overall exchange rate and interest rate hedging. |
| 關鍵字 | Capital structures;financial leverages;free cash flows;stock returns;foreign exchanges;interest rates |
| 語言 | en_US |
| ISSN | 1017-1819 |
| 期刊性質 | 國內 |
| 收錄於 | EI |
| 產學合作 | |
| 通訊作者 | Chin-Shan Wu |
| 審稿制度 | 是 |
| 國別 | TWN |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/106205 ) |