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2010 International Conference on Knowledge-Based Economy & Global Management The Impacts of Saving-Energy Subsidy Policy on The Financial Performance for Energy Labeled Product Manufacturers Mei-chin Chu, Jyh-Ming Chan, and Yu-Te Huang Department of International Business Southern Taiwan University, Tainan, Taiwan Presenter: Mei-chin Chu The Impacts of Saving-Energy Subsidy Policy on The Financial Performance for Energy Labeled Product Manufactures Contents 1. Introduction 2. Literature Review 3. Research Methodology 4. Empirical Analysis 5. Conclusions 2010 International Conference on Knowledge-Based Economy & Global Management 2 The Impacts of Saving-Energy Subsidy Policy on The Financial Performance for Energy Labeled Product Manufactures Introduction 88 Flood in 2009 Typhoon Megi in October, 2010 2010 International Conference on Knowledge-Based Economy & Global Management 3 The Impacts of Saving-Energy Subsidy Policy on The Financial Performance for Energy Labeled Product Manufactures Introduction The issue of global warming Financial Tsunami in 2008 Implementation of “The Economic Stimulus Act of 2008 in Response to the Recession” (2008/09/11) To subsidize the purchase of Energy Labeled products. 2010 International Conference on Knowledge-Based Economy & Global Management 4 The Impacts of Saving-Energy Subsidy Policy on The Financial Performance for Energy Labeled Product Manufactures 1. Introduction Did the subsidy policy enhance the financial performance of energy labeled product manufacturers? 1) To compare the share prices of subsidized enterprises with the broader market stock prices under the policy. 2) To analyze the sales revenue of subsidized enterprises during the policy implementing period. 3) To explore the relationship between subsidized enterprises’ mangerial performance and the policy. 2010 International Conference on Knowledge-Based Economy & Global Management 5