文章基本信息

标题：Does Internationalization of The Electronic Industries in The US Make Financing and Dividend Different?
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作者：Feng-Li Lin ; Jui-Ying Hung
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2011
卷号：3
期号：6
页码：166
DOI：10.5539/ijef.v3n6p166
出版社：Canadian Center of Science and Education
摘要：This paper analyzes the debt ratio and the scale of cash dividend among the internationalized and domestic electronic industries in the US from 1999 to 2008 as the reference for financing strategies and decision. The evidence shows that the debt ratio and the payout cash dividend ratio in the internationalized electronic firms are lower than those in domestic electronic firms. Due to the uniqueness and the high profit ability of the internationalized electronic firms in the US, they have more earnings and inside capital so that the debt ratio is lower. Also, the internationalized electronic industries in the US have higher internationalization level with higher system risk level but their payout cash dividend ratio is less in that they tend to keep the cash against any incident.