| dc.description.abstract | In the wake of the rapid development in internet technology, autonomous vehicles, and Industry 4.0, infinite business opportunities in mobile phones, tablet PCs, electric cars, autonomous vehicles, photovoltaic power generators, and robotics subsequently emerged, which has powered the development of the thermal industry.
As Taiwan is a small-size open economy, international trades assume a vital role in the overall economy. Whether it be import, export, or foreign exchange fluctuation in trades, all of the mentioned factors could possibly impact pricing quotations from the enterprises or vendors, which could dictate the health of future profits. So, any trade-dependent country will always face risks in foreign exchange.
This research primarily studied the impact of the changes in the quarterly foreign exchange on the operation performance of the listed thermal companies in Taiwan, with an analysis of the exchange rates of the USD, JPY, and RMB against the NTD in the previous quarter, of which the effect on the revenue, OPEX, and pre-taxed profit of the current quarter. The empirical results showed that the changes in the exchange rate of the USD against the NTD of the previous quarter have an apparent impact with a negative correlation with the revenue, OPEX, and pre-tax profit of the current quarter; the changes in the exchange rate of the JPY and RMB against the NTD of the previous quarter have an apparent impact with a positive correlation with the revenue and OPEX, but not so apparent impact on the pre-tax rofit, of the current quarter. | en_US |