臺大管理論叢第31卷第2期

74 Research of Organization Capital and Bank Loan Contracts: The Role of Managerial Ability 表3 調整後組織資本按照產業分類之敘述統計表 Fama and French產業分類 觀測值 平均值 中位數 標準差 極小值 極大值 1. Agriculture 90 0.018 0.001 0.041 -0.010 0.163 2. Food Products 259 0.036 0.003 0.189 -0.117 1.985 3. Candy and Soda 48 0.025 -0.009 0.065 -0.014 0.216 4. Beer and Liquor 93 -0.003 -0.013 0.049 -0.037 0.180 5. Tobacco Products 68 0.015 0.002 0.040 -0.038 0.137 6. Recreation 191 0.023 -0.005 0.100 -0.089 0.093 7. Entertainment 433 0.003 -0.003 0.029 -0.048 0.179 8. Printing and Publishing 151 0.024 0.001 0.067 -0.044 0.424 9. Consumer Goods 338 0.044 -0.002 0.107 -0.126 0.829 10. Apparel 226 0.040 -0.011 0.140 -0.094 0.129 11. Healthcare 595 0.001 -0.002 0.043 -0.062 0.374 12. Medical Equipment 382 0.010 -0.025 0.083 -0.080 0.176 13. Pharmaceutical Products 492 0.028 -0.003 0.223 -0.023 0.042 14. Chemicals 721 0.006 -0.010 0.058 -0.060 0.155 15. Rubber and Plastic Products 278 0.014 -0.022 0.114 -0.083 0.034 16. Textiles 165 0.012 0.000 0.037 -0.065 0.187 17. Construction Materials 479 0.015 -0.004 0.075 -0.157 0.118 18. Construction 261 0.025 -0.001 0.153 -0.046 0.132 19. Steel Works 311 0.012 0.000 0.050 -0.052 0.319 20. Fabricated Products 124 -0.004 -0.013 0.045 -0.057 0.182 21. Machinery 829 0.008 -0.011 0.073 -0.070 0.120 22. Electrical Equipment 187 -0.003 -0.028 0.077 -0.074 0.138 23. Automobiles and Trucks 467 0.001 -0.008 0.039 -0.094 0.106 24. Aircraft 208 0.007 -0.005 0.050 -0.022 0.121 25. Shipbuilding, Railroad Equipment 28 0.009 0.010 0.026 -0.030 0.073 26. Defense 80 0.007 -0.005 0.022 -0.006 0.092 27. Precious Metals 80 0.004 -0.004 0.013 -0.011 0.040 28. Non-Metallic and Industrial Metal Mining 133 0.002 -0.007 0.030 -0.012 0.174 29. Coal 67 -0.001 -0.006 0.026 -0.080 0.111 30. Petroleum and Natural Gas 1,063 0.006 -0.004 0.035 -0.046 0.185 32. Communication 1,941 0.001 0.000 0.004 0.000 0.107 33. Personal Services 934 0.007 -0.001 0.031 -0.027 0.254 34. Business Services 270 0.017 -0.004 0.093 -0.078 0.138 35. Computers 1,122 0.034 -0.011 0.676 -0.308 0.262 36. Electronic Equipment 599 0.007 -0.015 0.082 -0.133 0.902 37. Measuring and Control Equipment 593 0.008 -0.015 0.087 -0.133 0.102 38. Business Supplies 409 0.008 -0.004 0.070 -0.768 0.359 39. Shipping Containers 481 0.008 -0.004 0.068 -0.768 0.359 40. Transportation 270 0.005 -0.001 0.026 -0.025 0.112 41. Wholesale 835 0.010 0.000 0.041 -0.039 0.368 42. Retail 685 0.001 -0.012 0.068 -0.106 0.060 43. Restaurants, Hotels, Motels 567 0.028 -0.010 0.154 -0.269 0.195 48. Other 341 -0.003 -0.003 0.018 -0.075 0.184 註: 本表格提供不同產業分類下,調整後組織資本變數之敘述統計值。調整後組織資本變數為組織資本變數扣除產 業中位數。產業分類主要依據Fama and French (1997) 作法將公司所屬產業分為48類。基本敘述統計值包 括觀測值、平均值、中位數、標準差、極小值與極大值。

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