系統識別號 | U0002-1806201920154600 |
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DOI | 10.6846/TKU.2019.00537 |
論文名稱(中文) | 臺灣地區電動車相關產業投資行為研究 |
論文名稱(英文) | Research on Investment Behavior of Electric Vehicle and related Industry in Taiwan |
第三語言論文名稱 | |
校院名稱 | 淡江大學 |
系所名稱(中文) | 國際企業學系碩士在職專班 |
系所名稱(英文) | Executive Master's Program of Business Administration (EMBA) in International Busines |
外國學位學校名稱 | |
外國學位學院名稱 | |
外國學位研究所名稱 | |
學年度 | 107 |
學期 | 2 |
出版年 | 108 |
研究生(中文) | 林南舟 |
研究生(英文) | Nan-Chou Lin |
學號 | 706550075 |
學位類別 | 碩士 |
語言別 | 繁體中文 |
第二語言別 | |
口試日期 | 2019-06-08 |
論文頁數 | 58頁 |
口試委員 |
指導教授
-
賈昭南
指導教授 - 林美榕 委員 - 謝振寰 委員 - 林俊宏 |
關鍵字(中) |
電動車 電動車產業 投資行為 Tobin's q 現金流量 財務槓桿 有效利息支出 |
關鍵字(英) |
Electric car Electric vehicle industry investment behavior Tobin's q cash flows financial leverage effective interest patments |
第三語言關鍵字 | |
學科別分類 | |
中文摘要 |
論文提要內容: 本文引用臺灣電動車及相關產73家業廠商於2007~2017年間的縱橫資料,估計其投資方程式,試圖了解影響投資行為的因素。實證研究結果發現下列三點重要結果: 1. 整體而言,五個變數的對投資的影大致與理論相符,其中現金流量、財務槓桿二個變數的影響具有統計上的顯著性。負值而不顯著的新增債務比係數與顯著的負值財務槓桿顯示,樣本公司的債務負擔已經偏高,以致新增債務反而帶動負面的投資影響。 2. 近三年來,四個融通變數的影響呈現出不顯著的負面變化,此可能影響爾後融資的可行性。 |
英文摘要 |
Abstract This thesis empirically estimates the investment equation that is popularly adopted by economists in study the investment behavior in the firm level. Panel data from 73 Electric Vehicle and related manufacturers in Taiwan covering the period 2007 and 2017 are used. Important findings are as follows: 1. All five parameters of the relevant variables estimated are generally match the predictions of relevant theories. Among those factors, the effects of cash flows and financial leverages are significant in statistic sense. The insignificant negative effect of new debts accompanied by significant negative effect of financial leverage has shown that the debts level is too high to affect the functioning of raising debt for investment purpose. 2. In the most recent three years all four financial accommodating factors are turning against favor to investments, meaning that companies might facing difficulties in raising debt for investment in the near future. |
第三語言摘要 | |
論文目次 |
目錄 目錄.............................................................. IV 表目錄............................................................. V 圖目錄............................................................ VI 謝辭............................................................... I 摘要.............................................................. II Abstract ........................................................ III 第一章 緒論 1 第一節 研究動機 1 第二節 電動車業概況 3 第三節 本文研究架構 21 第二章 文獻回顧 23 第一節 企業廠商投資行為總論 23 第二節 投資資金融通問題 25 第三節 實證研究與結果 31 第三章 研究方法 34 第一節 實證投資方程式設定 34 第二節 縱橫資料模型估計 35 第三節 影響近年企業投資之因素衡量 37 第四章 實證估計結果 39 第一節 資料來源與敘述分析 39 第二節 基本模型估計結果 42 第三節 各解釋變數貢獻度分析 44 第五章 結論 48 參考資料 49 附錄:樣本公司基本資料 表目錄 表 一 車輛上的動力能源之一........................................3 表 二 車輛上的動力能源之二........................................4 表 三 燃料電池和離電池優缺點......................................4 表 四 2011年中華人民共和國、日本、法國、英國、美國對電動車的相關 政策及目標.................................................9 表 六 2016 年電動車銷量與車市總銷量佔比前十位.....................14 表 七 資料名稱與來源..............................................39 表 八 敘述統計....................................................40 表 九 基本模型估計結果............................................43 表 十 固定效果模型下延伸基本模型的估計結果........................45 表 十一 近三年五種解釋變數對投資比貢獻度分析......................46 圖目錄 圖 一 全球 2007~2017 年電動車銷量..............................7 圖 二 全球 2007~2017 年電動車銷量..............................8 圖 三 我國電動車產業供應體系....................................8 圖 四 臺灣車輛產業聯盟(TARC)多樣化產品..........................9 圖 五 我國智慧電動車輛產業願景與推動策略.......................10 圖 六 我國智慧電動車產業分年推動目標...........................12 圖 七 國際鋰離子電池組價格走勢.................................13 圖 八 鋰離子電池成本結構分析...................................13 圖 九 挪威電動車消費者購買原因調查.............................15 圖 十 2008~2017 年間73家公司之投資比..........................41 |
參考文獻 |
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