企业资本减少对财务绩效影响之研究分析-《武汉职业技术学院学报》

文章信息/Info

Author(s):: FU Xiu-ren; Department of Business Administration, Overseas Chinese University, Taizhong40721, China

Keywords:: cash reduction; treasure stock reduction; reduction for income loss reduction; financial performance

摘要:: 一般企业在股票市场的减资活动可分为二种: 一种是像欧美市场所减少的为每股票面金额，第二种是因面额固定因而现金减资，即减少流通在外股数，并将减少的资本退回给股东，除有维持财务绩效稳定成长外亦可减轻公司代理成本。如今现金减资已成为企业提升财务绩效的重要工具，更是资本市场一个讨论课题。现金减资活动因有企业资产减少肇成公司闲置资产下降，导致公司财务绩效比以往更有效率，进而提高了公司的报酬率。

Abstract:: There are two types of reduction activities in the stock market. The first type is as foreign market；it re— duces the per value of stock. The second type reduces outstanding share of companies. The first reduction case was Re— gent hotel on 2002. Until now reduction is an importation tool and issue on capital market. The result of this study are ：there is a positive significantly relationship on cash reduction and financial performance；there is a positive significant— ly relationship on treasure stock reduction and financial performance；there is a negative significantly relationship on re— duction for income loss and financial performance.