企業發生財務危機之前的銀行往來關係

Bank-firm Relationship before the Firm Becomes Financially Distressed

謝孝典(Hsiao-Tien Hsieh)

指導教授 ： 蔡湘萍

元智大學/管理學院/財務金融學系/碩士(2009年)

摘要

本論文研究目的在瞭解財務危機公司出事前的銀行往來狀況。針對台灣經濟新報資料庫(TEJ)1992年至2008年共234家財務危機公司，本研究分析公司陷入財務危機之前放款銀行的放款金額變化。實證結果顯示愈靠近公司危機發生時點，與較多銀行往來的財務危機公司，愈有可能獲得銀行的資金援助。此外，若銀行過去放款給該財務危機公司的比例愈高，愈傾向在該企業危機揭露之前給予幫助。

關鍵字

財務危機公司 ； 銀行往來關係

並列摘要

This study analyzes changes of bank loans to financially distressed firms up to five years prior to the distress. Using data of 234 financially distressed firms in Taiwan from 1992 to 2007, we examine the changing amount of bank loans before the financial distress news declared to the public. The results indicate that firms with more banking relationships are more likely to receive additional funds from its lending banks. Furthermore, banks that have larger amount of existing loans to the problem firms are more likely to provide additional funds.

並列關鍵字

Financial distress ； Bank-firm relationship

參考文獻

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