| dc.contributor | 會計系 | |
| dc.creator (作者) | 金成隆;陳美惠 | |
| dc.date (日期) | 2018-10 | |
| dc.date.accessioned | 13-May-2026 16:24:46 (UTC+8) | - |
| dc.date.available | 13-May-2026 16:24:46 (UTC+8) | - |
| dc.date.issued (上傳時間) | 13-May-2026 16:24:46 (UTC+8) | - |
| dc.identifier.uri (URI) | https://ah.lib.nccu.edu.tw/item?item_id=182552 | - |
| dc.description.abstract (摘要) | 管理當局的特性，近來逐漸成為會計與財務學者關注的焦點。過去一、二十年來, 聯貸 融資的市場已經成為世界各國上市公司融資的重要來源之一，因此本計畫擬探討借款 公司管理當局特性對於私有貸款市場(初級與次級市場)的影響。本計畫為三年期，分別 探討: (1)管理當局能力好壞與正直與否，對於初級市場貸款合約的影響，(2) 管理當局 能力好壞與正質與否，對於次級聯貸市場的影響，以及(3)管理當局是否具有法律背景 對於私有貸款(初級與次級)市場的影響。 詳言之，三年期各年的計劃主題與方向分別為: (1)第一年: 管理當局能力好壞與正直與否，對於初級聯貸市場的影響 管理當局能力的好壞以及是否正直誠信，會對私有貸款初級市場產生影響，包括: (a)管理當局能力好壞，對於初級市場貸款契約條款的影響，涵蓋價格(即借貸價差)與非 價格條款(即借款期間、擔保與否、債務條款的多寡)。(b) 管理當局是否正直，對於初 級市場貸款契約條款的影響，涵蓋價格(即借貸價差)與非價格條款(即借款期間、擔保 與否、債務條款的多寡)。(c) 貸款契約的盈餘定義偏離 GAAP 的情況，是否會受到管 理當局能力好壞與正直與否的影響。(d)管理當局能力好壞與正直與否在貸款過程或是 對於盈餘品質，何者較為重要? (2)第二年: 管理當局能力好壞與正直與否，對於次級聯貸市場的影響。 管理當局能力的好壞以及是否正直誠信，會對私有貸款次級市場產生影響，包括: (a)借款公司管理當局能力好壞，對於在次級市場在出售或交易可能性的影響；(b)借款 公司管理當局正直與否，對於在次級市場在出售或交易可能性的影響；(c)管理當局能 力好壞，對於次級市場交易的借貸價差的影響；(d)管理當局是否正直，對於次級市場 交易的借貸價差的影響。(e)事前的訴訟風險對於在次級市場在出售以及交易的借貸價 差影響。(f) 管理當局能力好壞與正直與否，是否可以緩和在(e)中所提到的訴訟風險對 於在次級市場的負面影響。 (3)第三年: 管理當局是否具有法律背景對於私有貸款(初級與次級)市場的影響。 管理當局是否具有法律背景對於私有貸款(初級與次級)市場的影響，包括:(a)對於 初級市場貸款契約條款的影響，涵蓋價格(即借貸價差)與非價格條款(即借款期間、擔 保與否、債務條款的多寡)；(b) 對於私債在次級市場在出售或交易可能性的影響；(c) 對 於私債在次級市場交易的借貸價差的影響。(d) 法律背景的管理當局，是否可以緩和在 訴訟風險對於在次級市場的負面影響。 | |
| dc.description.abstract (摘要) | Recent research indicates that managerial characteristics matter for a wide range of firm’s practices. Given that syndicated loan market became one of main sources of financing for firms around the world, this project aims to explore the effect of managerial characteristics on the private loan market (primary and secondary loan markets). Specifically, I examine whether managerial ability, managerial integrity, and the composition of top management with general counsel on ownership structure and loan terms in private market, and on loan resale and bid-ask spread in secondary market. 1. Research topics are as follows for the first year: This project aims to explore the effect of managerial characteristics on the primary loan market, including : (1) whether do the managerial ability and integrity influence contractual loan terms, including price (spread) and non-price terms (maturity, collateral and financial covenants), respectively? (2) Whether do the managerial ability and integrity influence the likelihood of definition of earnings being different from those under GAAP, respectively? (3) Which is more important from lenders’ perspective? And which has a larger effect on financial reporting quality? 2. Research topics are as follows for the second year: This project will explore the effect of managerial characteristics on the secondary loan market, including: (1) whether do the managerial ability and integrity influence the likelihood of primary loan being traded on secondary loan market, respectively? (2) Whether do the managerial ability and integrity influence bid-ask spread on the firm’s loans traded on the secondary loan market? (3) Whether does ex ante litigation risk influence the likelihood of primary loan being traded on secondary loan market? (4) Whether does ex ante litigation risk influence bid-ask spread on the firm’s loans traded on the secondary loan market? and (5) Whether can the managerial ability and integrity mitigate the negative effects of ex ante litigation described (3) and (4)? 3. Research topics are as follows for the third year: This project will explore whether and how the composition of top management with general counsel have effects on: (1) contractual loan terms, including price (spread) and non-price terms (maturity, collateral and financial covenants) in primary market, (2) the likelihood of primarily loan being traded on secondary loan market; (3) bid-ask spread on the firm’s loans traded on the secondary loan market. Finally, I will explore whether the composition of top management with general counsel mitigate the negative effects of ex ante litigation described (2) and (3). | |
| dc.format.extent | 116 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | 科技部, MOST103-2410-H004-027-MY3, 103.08-106.07 | |
| dc.title (題名) | 管理當局特性對融資與盈餘品質的影響 | |
| dc.title (題名) | The Effect of Managerial Characteristics on Loans and Earnigns Quality | |
| dc.type (資料類型) | report | |
