本文以2002~2015年間，臺灣地區光電產業16家公司的縱橫資料為樣本，實證估計該產業整體的投資行為。估計結果如下：Tobin’s q 對投資比的影響並不顯著，而現金流量比則一致的對投資比顯著的正面影響。然而，近五年來此正面影響的力道則顯著的下降。最後，就各變數對投資比的貢獻度而言，近五年來財務槓桿比的變動為唯一引發正向影響的變數。

This thesis takes the penal data from 16 companies in Taiwan’s electro-optical industry as sample to estimate their investment behavior. The estimated results have shown that Tobin’s q does not significantly affect the investment ratio, while cash flow ratio brings about consistently significant positive effects to the investment ratio during the period between 2002 and 2015. However, the positive force toward investment is weakening during the recent five years. Finally, is so far as the contribution to investment ratio is concerned, leverage rate is the only factor that has contributed positively to investment recently.

目錄
中文摘要I
英文摘要II
目錄III
表目錄iv
圖目錄v


目錄

第一章 緒論 1
第一節 研究動機	1
第二節 我國光電產業概況	4
第三節 本文研究架構 10
第二章 文獻回顧	12
第一節 企業廠商投資行為總論 12
第二節 投資資金融通問題	13
第三章 研究方法	21
第一節 實證投資方程式設定 21
第二節 影響近年企業投資之因素衡量 22
第四章 實證估計結果 23
第一節 資料來源與敘述統計 23
第二節 基本模型估計結果	24
第三節 近五年來各解釋變數對投資的貢獻度分析 27
第五章 結論 31
參考資料	 32
附錄：樣本公司基本資料 34
 
表目錄

表一  光電產品界定範圍 5
表二  廠房世代 7
表三  資料名稱與來源 23
表四  敘述統計 24
表五  基本模型估計結果 26
表六  延伸基本模型估計結果 28
表七  近五年來四種解釋變數對投資比的貢獻度 29

 
圖目錄

圖一  中華民國GDP成長率	1
圖二  中華民國資訊與通訊傳播業產出對GDP成長貢獻度 2
圖三  中華民國資訊與通訊傳播產業固定資本形成 3
圖四  中華民國電腦、電子、光電產業與整體工業產值增加率 4
圖五  台灣光電產值趨勢 6
圖六  光電顯示器產業結構表 6
圖七  薄膜電晶體-液晶顯示器結構	9
圖八  薄膜電晶體內部結構 9
圖九  背光模組結構 10

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中文部分
陳永壽(2011)【背光模組Dual V- Cut導光板設計之研究 】，國立交通大學工學院精密與自動化工程學程
歐陽光(2005)【台灣光電產業生產力分析之研究】，真理大學管理科學研究所
陳俊宏(2003) 【台灣光電產業的發展與競爭優勢】，國立臺灣大學國家發展研究所
黃傳欣(2006) 【台灣光電產業群聚之探討】，逢甲大學經營管理碩士在職專班