English  |  正體中文  |  简体中文  |  Items with full text/Total items : 26987/38787
Visitors : 2282060      Online Users : 188
RC Version 4.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Adv. Search
LoginUploadHelpAboutAdminister

Please use this identifier to cite or link to this item: http://ntour.ntou.edu.tw:8080/ir/handle/987654321/26133

Title: Analysis of debt-paying ability for a shipping industry in Taiwan
Authors: Wen-Cheng Lin;Chin-Feng Liu;Gin-Shuh Liang
Contributors: NTOU:Department of Shipping and Transportation Management
國立臺灣海洋大學:航運管理學系
Keywords: Debt-paying ability;data envelopment analysis (DEA);default risks
Date: 2010-01
Issue Date: 2011-10-20T08:33:53Z
Publisher: African Journal of Business Management
Abstract: Abstract:The debt financing market is an integral part of the global financial system. A company partially financed by debt faces bankruptcy danger. Although financial statement analysis covers more ratio approaches to viewing a firm’s liquidity, leverage, asset activity, profitability and performance, it cannot integrate a diverse ratio to analyze firm’s debt-paying ability. This paper employs data envelopment analysis to evaluate debt-paying ability of the shipping industry in Taiwan. After verifying all available financial information, the current study chooses a total of fourteen shipping open-market firms for analysis. The estimated results show that five shipping firms have relatively high debt-paying ability. This paper compares DEA rating results with the Taiwan Rating Company (TRC)’s ratings to increase the contribution. Empirical results show that EVERGREEN pays more attention than other shipping firms to reducing default risks and creating revenue competency.
Relation: 4(1), pp.77-82
URI: http://ntour.ntou.edu.tw/handle/987654321/26133
Appears in Collections:[航運管理學系] 期刊論文

Files in This Item:

There are no files associated with this item.



All items in NTOUR are protected by copyright, with all rights reserved.

 


著作權政策宣告: 本網站之內容為國立臺灣海洋大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,請合理使用本網站之內容,以尊重著作權人之權益。
網站維護: 海大圖資處 圖書系統組
DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback