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45
臺大管理論叢
第
28
卷第
2
期
表
5
相關係數表
(n = 8345)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(1)
FEARN
(2)
EARN
0.646
(0.000)
(3)
RPT
0.007
(0.479)
0.023
(0.035)
(4)
EARN_RPT
-0.535
(0.000)
0.850
(0.000)
0.226
(0.000)
(5)
SIZE
0.001
(0.931)
0.072
(0.000)
0.276
(0.000)
0.120
(0.000)
(6)
EARN_SIZE
0.641
(0.000)
0.991
(0.000)
0.036
(0.000)
0.863
(0.000)
0.125
(0.000)
(7)
GROWTH
-0.028
(0.010)
-0.026
(0.015)
-0.038
(0.000)
-0.011
(0.311)
-0.034
(0.001)
-0.026
(0.014)
(8)
EARN_GROWTH
-0.043
(0.000)
0.076
(0.000)
0.019
(0.068)
0.037
(0.000)
0.004
(0.690)
0.068
(0.000)
-0.672
(0.000)
(9)
CAP
-0.015
(0.165)
-0.064
(0.000)
-0.025
(0.021)
-0.039
(0.000)
-0.015
(0.145)
-0.061
(0.000)
0.007
(0.484)
-0.005
(0.641)
(10)
EARN_CAP
0.056
(0.000)
0.119
(0.000)
0.034
(0.001)
0.077
(0.000)
0.044
(0.000)
0.115
(0.000)
-0.005
(0.611)
0.007
(0.516)
-0.932
(0.000)
(11)
LOSS
-0.450
(0.000)
-0.698
(0.000)
-0.028
(0.009)
-0.594
(0.000)
-0.104
(0.000)
-0.699
(0.000)
0.028
(0.008)
-0.048
(0.000)
0.067
(0.000)
-0.102
(0.000)
(12)
EARN_LOSS
-0.393
(0.000)
0.758
(0.000)
0.039
(0.000)
0.633
(0.000)
0.149
(0.000)
0.741
(0.000)
-0.036
(0.000)
0.070
(0.000)
-0.067
(0.000)
0.140
(0.000)
-0.673
(0.000)
各變數之定義同迴歸模式
(1)
，括號內為雙尾檢定
P
值。