The relation between capital expenditure and firm performance
under the factor of growth opportunities while economic condition
turning bad

ASIAIR > College of Management > Department of Finance > Proceedings > Item 310904400/38911

Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/38911

Title:	The relation between capital expenditure and firm performance under the factor of growth opportunities while economic condition turning bad
Authors:	姜清海 Ching-Hai Jiang, 吳美萱 Mei-ShiuanWu ,王薪媚 Hsin-MeiWang
Contributors:	Department of Finance, National United University
Keywords:	economic condition turning bad, growth opportunities, capital expenditure, firm performance
Date:	2012-05-01
Issue Date:	2013-07-26 03:22:34 (UTC+0)
Publisher:	Department of Finance, National United University
Abstract:	This project examines the relation between capital expenditure and firm performance under the factor of growth opportunities while economic condition turning bad, using data from the manufacturing firms listed on the Taiwan Stock Exchange. The sample covers 600 firms for period 2005-2009. The result indicates that there is negative relation between capital expenditure and firm performance in the presence of growth opportunities. However, this result is contrast to the evidence from other studies ignoring economic condition turning bad. In the absence of growth opportunities, there is also negative relation between capital expenditure and firm performance. This result is consistent with the researches ignoring economic condition turning bad.
Relation:	2012中部學術財金研討會論文發表
Appears in Collections:	[Department of Finance] Proceedings

Files in This Item:

There are no files associated with this item.