| 摘要(英) |
This study takes Taiwan′s passive component industry as an object, and explores the relationship between capital structure, corporate governance evaluation and the current stock price return after adjusting the ex-dividend rights. The research period is eight sessions from the first corporate governance evaluation from 2014 to 2022. This paper considers the non-linear relationship between the debt ratio and the stock price return rate, and conducts statistical analysis with the panel multiple regression model. The results show that the return on share price and the debt ratio of the passive component industry present an inverted U-shaped concave function relationship, and the optimal debt ratio is 37.03%, which is negatively correlated with corporate governance evaluation. In addition, the market value of NT$5 billion was used to distinguish large and small company groups. The results showed that in the large company group, the stock price return rate and debt ratio showed an inverted U-shaped concave function relationship, and the optimal debt ratio was 39.82%, which had no significant correlation with corporate governance evaluation; In the small company group, the return on stock price has nothing to do with the debt ratio, and is negatively correlated with corporate governance evaluation. In addition, the 50% corporate governance evaluation grade is divided into front and rear groups. In the top 50% group, the relationship between stock price return rate and debt ratio is an inverted U-shaped concave function. The optimal debt ratio is 38.85%. The stock price return rate and corporate governance evaluation In the latter 50% group, stock price return has nothing to do with debt ratio, and is negatively correlated with corporate governance evaluation. |
| 參考文獻 |
參考文獻
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