從越南的角度分析財務報告的閱讀性及銀行貸款條款

Financial Report Readability and Bank Loan Terms from Vietnam Perspective

阮氏瓊娥(Nguyen Thi Quynh Nga)

指導教授 ： 許文馨

國立臺灣大學/管理學院/企業管理碩士專班/碩士(2019年)

https://doi.org/10.6342/NTU201900104

摘要

無資料

關鍵字

Readability ； Ambiguous tone ； Bank loan ； Vietnam ； Interest rate ； Loan size ； Loan Maturity ； Collateral ； Covenant

並列摘要

The concept of financial report readability and tone ambiguity has been studying for long time in the world, however, it has not been developed in Vietnam. This paper examines the impact of a firm’s financial report readability and ambiguous tone on bank contracting terms from Vietnam’s perspective in comparison to empirical finding results in Ertugrul, Lei, Qiu, and Wan (2017). We conduct a survey to Vietnamese bankers who works in sales and risk management positions with loan contracting negotiation experience in various banks. Results based on 103 responses reveal that firms with more readable and lower frequencies of uncertain and weak modal words in financial reports are charged lower loan interest rates, and associated with larger loans, loans with longer maturities, whereas surprisingly, a greater likelihood of security requirements and more covenants. The study contributes to the development of further researches on textual aspects and suggest the guiding role on using plain language in Vietnamese financial disclosures.

並列關鍵字

Readability ； Ambiguous tone ； Bank loan ； Vietnam ； Interest rate ； Loan size ； Loan Maturity ； Collateral ； Covenant

參考文獻

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