Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5083960 | International Review of Economics & Finance | 2011 | 11 Pages |
Abstract
This study examines the effects of social, financial, and human capital on the financial performance (i.e., Tobin's q) of Taiwanese firms in 2007. We find that social capital, as measured by total lending and borrowing among related-party transactions, has a positive effect on a firm's value. Human capital, such as employee productivity and research and development (R&D), also has significant positive effects on financial performance. In addition, a higher firm value is found to be associated with a better credit rating for the firm.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Shuh-Chyi Doong, Hung-Gay Fung, Jr-Ya Wu,