臺灣博碩士論文加值系統

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。

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.

Cover page i
Abstract in Chinese ii
Abstract in English iii
Content v
Tables vi
Symbols vii
1. Introduction 1
2. Literature Review and Hypotheses Development
2.1 Studies on Financially Distressed Firms 4
2.2 The Role of Bank Loans to Corporate Borrowers 6
2.3 Bank-Firm Relationship During Financial Crisis 6
3. Data and Model Specifications
3.1 Data and Sample 8
3.2 Model 10
4. Empirical Results 16
5. Conculsion 20
6. Refernce 22

Tables
Table1 The Sample Distribution 24
Table2 Comparison between Annual Report and Semi-annual
Report 26
Table3 The relationship between bank and firm
characteristic to bank loan 27

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