銀行貸款市場之研究

Study on Bank Loan Market

曾子綺(Tz-Chi Tzeng)

指導教授 ： 方世詮

朝陽科技大學/管理學院/財務金融系/碩士(2012年)

摘要

隨著銀行聯貸市場的快速發展，交易型的聯合貸款(transactional lending)已經後來居上，與傳統的關係型借貸(relationship lending)成為銀行貸款市場中兩種主要的企業融資方式。本文的研究目的主要從廠商的角度出發，去探討聯合貸款與關係貸款兩者之間的關係。以美國上市公司為例，本文實證發現兩者之間的關係受到景氣循環與貸款期限的影響。

關鍵字

貸款期限 ； 關係型貸款 ； 交易型貸款 ； 聯合貸款 ； 景氣循環

並列摘要

Following the drastic growth of syndicated loan market, the transactional bank lending has catch up the relationship bank lending from behind and become another major corporate financing method in the bank loan market. This study investigates the relationship between transactional lending and relationship lending from the viewpoint of U.S. public corporations. The main empirical results find that the relationship between these two lending type is affected by the business cycle and contract maturity.

並列關鍵字

Maturity ； Business cycle ； Syndicated loan ； Transactional lending ； Relationship lending

參考文獻

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