Why Companies Delist from the Taiwan Stock Market – from the Perspective of Intangible Assets

Abstract

This paper discusses a binary logistic regression to examine the determinants of the delisting decision from the perspective of intangible assets In addition we divide the reasons for delisting into three categories: voluntary delisting firms acquired firms and involuntary delisting firms and examine them respectively Our sample consist of 409 companies who listed in the stock market from 2000 to 2016 have now delisted Our results prove that firms with more intangible assets or goodwill has a higher probability of being delisted Unfortunately if we take the delisting category into consideration those evidences do not support our hypotheses We are unable to find any significant relationship between intangible assets or goodwill in the Taiwan Stock Market

Date of Award	2017 Jun 22
Original language	English
Supervisor	Hsuan-Chu Lin (Supervisor)