| dc.contributor.advisor | 顏錫銘 | zh_TW |
| dc.contributor.author (作者) | 潘福明 | zh_TW |
| dc.contributor.author (作者) | Pan, Dennis | en_US |
| dc.creator (作者) | 潘福明 | zh_TW |
| dc.creator (作者) | Pan, Dennis | en_US |
| dc.date (日期) | 2009 | en_US |
| dc.date.accessioned | 8-十二月-2010 01:54:12 (UTC+8) | - |
| dc.date.available | 8-十二月-2010 01:54:12 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-十二月-2010 01:54:12 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0093357033 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/48952 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 財務管理研究所 | zh_TW |
| dc.description (描述) | 93357033 | zh_TW |
| dc.description (描述) | 98 | zh_TW |
| dc.description.abstract (摘要) | 本研究探討企業間商業授信(Trade Credit)在總體貨幣政策變化時所扮演的角色，並參考Choi and Kim (2005)分別觀察應收帳款、應付帳款及淨應收帳款之變化，探討當總體貨幣政策變化時財務較佳企業是否會對財務受限制企業【規模較小、利息保障倍數較低、短期債務相對營收比重偏高、財務槓桿偏高】提供財務協助。 本研究實證結果發現，貨幣政策變化確實造成同業間增加商業授信比率；惟由淨應收帳款比率之變化發現，財務指標較佳企業之淨應收帳款比率對總體貨幣政策之敏感度皆低，亦即對財務不佳企業之財務協助不存在，反觀財務受限制企業在貨幣政策變化時期應付帳款被明顯調降，但仍需增加應收帳款，故整體而言，反而造成財務受限制企業於貨幣政策變化時期增加提供淨商業授信之結果，此結果以負債比偏高組及利息保障倍數較低組尤其明顯，說明不但財務較佳企業並無對財務受限制企業提供財務協助，財務受限制企業於貨幣政策變化時，尚有增加淨商業授信之歷力，對貨幣政策之敏感度較高。 | zh_TW |
| dc.description.abstract (摘要) | The objective of this paper is to analyze the relationship between monetary shock and trade credit. Following Choi and Kim (2005), we look at both sides of firm’s trade credit as well as net trade credit to find out if financial assistance view stands. The following results are obtained: (1) Account receivable of both large and small firms increases with monetary shock, but the result of net trade credit is not the same. We find no evidence that financial assistance view stands in terms of different sized firm. (2) Financial unconstained firms also don’t offer more net trade credit while financial constrained firms are forced to increase more net trade credit due to huge account payable drop. Therefore, monetary shock increase the financial pressure of fincncial constrained firms especially significant in higher net leverage ratio and lower interest cover ratio groups. | en_US |
| dc.description.tableofcontents | 第一章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 6 第三節 研究架構 7 第二章 商業授信之相關文獻回顧 8 第一節 企業間為何使用商業授信 8 第二節 總體貨幣政策影響商業授信模式之相關實證研究 13 第三章 研究設計 19 第一節 財務協助假說 19 第二節 實證方法 23 第三節 變數選擇 27 第四節 資料處理 33 第四章 實證結果與分析 41 第一節 敘述性統計 41 第二節 應收帳款模型之實證結果 47 第三節 應付帳款模型之實證結果 58 第四節 淨應收帳款模型之實證結果 69 第五章 結論與建議 80 第一節 結論 80 第二節 研究限制 83 第三節 研究建議 85 附錄 87 第一節 企業規模分類改變之實證結果比較 87 第二節 1999年至2009年之實證結果 99 參考文獻 114 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0093357033 | en_US |
| dc.subject (關鍵詞) | 商業授信 | zh_TW |
| dc.subject (關鍵詞) | Trade Credit | en_US |
| dc.title (題名) | 台灣總體貨幣政策對其企業商業授信模式之影響 | zh_TW |
| dc.title (題名) | . | zh_TW |
| dc.type (資料類型) | thesis | en |
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