臺大管理論叢 NTU Management Review VOL.30 NO.2

309 NTU Management Review Vol. 30 No. 2 Aug. 2020 Variable Definition INTENSITY The ratio of net plant, property, and equipment to total assets CASH_RATIO The ratio of cash and cash equivalent to total current liabilities FC an indicator equals one if the sample period is across the year of global financial crisis from 2007 to 2009 Post-FC an indicator equals one if the sample period is across post-financial crisis period Post-Enron an indicator equals one if the sample period is across the Enron period