| dc.contributor.advisor | 張元晨 | zh_TW |
| dc.contributor.author (作者) | 李孟芳 | zh_TW |
| dc.creator (作者) | 李孟芳 | zh_TW |
| dc.date (日期) | 2009 | en_US |
| dc.date.accessioned | 8-十二月-2010 01:54:19 (UTC+8) | - |
| dc.date.available | 8-十二月-2010 01:54:19 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-十二月-2010 01:54:19 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0097357007 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/48960 | - |
| 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) | 97357007 | zh_TW |
| dc.description (描述) | 98 | zh_TW |
| dc.description.abstract (摘要) | 本研究之目的在於了解全球聯貸案利率如何受到供需模型之影響；本研究樣本包含1982至2009年來自63個國家超過二萬三仟筆聯貸案。研究結果顯示，供給方力量將導致聯貸案利率偏低，然而於機構投資者參與比率越高之國家存在價格偏離模型預測之情況；而上述之負向效果於財務受限愈嚴重或未來投資機會愈低之借款公司將愈加顯著。 | zh_TW |
| dc.description.abstract (摘要) | Using a sample of more than 23,000 syndicated tranches to borrowers from 63 countries for the 1982-2009 period, we test the influence of the supply and demand side effects on loan spread. Our results show that supply side effect leads to a significant lower spread, but in some countries with higher appetite of institutional investors, such as U.S. and Spain, these results do not hold. We find that the negative effect above mentioned on spread will be significant for firms whose original loan spread is much higher; i.e., firms with serious financial constraint or low investment opportunity. | en_US |
| dc.description.tableofcontents | ABSTRACT 1.Introduction 2.Literature Review 3.Background of supply side proxy 4.Data and Sample statistics 5.Methodology and Hypotheses 6.Empirical Results 7.Conclusion Literature Review Figures,Tables and Appendix | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0097357007 | en_US |
| dc.subject (關鍵詞) | 聯貸案 | zh_TW |
| dc.subject (關鍵詞) | 供需 | zh_TW |
| dc.subject (關鍵詞) | syndicated loan | en_US |
| dc.subject (關鍵詞) | market technical | en_US |
| dc.title (題名) | 供需模型對借款利率之影響：以全球聯貸案為例 | zh_TW |
| dc.title (題名) | The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans | en_US |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | Almeida Heitor, Murillo Campello, and Michael S. Weisbach, Aug 2004, The cash flow sensitivity of cash, The Journal of Finance, Vol. Lix, No. 4 | zh_TW |
| dc.relation.reference (參考文獻) | Bae K.H. and Goyal V. K., April 2009, Creditor rights, enforcement, and bank loans, The Journal of Finance, Vol. Lxiv, No.2. | zh_TW |
| dc.relation.reference (參考文獻) | Baker, M.P., 2009, Market-driven corporate finance, working paper | zh_TW |
| dc.relation.reference (參考文獻) | Bosch, O. and Steffen S., 2010, Informed Lending and the Structure of Loan Syndicates - Evidence from the European Syndicated Loan Market, Working paper | zh_TW |
| dc.relation.reference (參考文獻) | Carey, M., Nini, G., 2007, Is the corporate loan market globally integrated? A pricing puzzle? Journal of Finance 62, 2969-3007 | zh_TW |
| dc.relation.reference (參考文獻) | Dennis S. A. and Mullineaux D. J., 2000, Syndicated loans, Journal of Financial Intermediation 9, 404-426 | zh_TW |
| dc.relation.reference (參考文獻) | Degryse H., S. Ongena, 2001, Bank relationships and firm profitability, Financial Management | zh_TW |
| dc.relation.reference (參考文獻) | Flannery Mark J., Kasturi P. Rangan, 2006, Partial adjustment toward target capital structures, Journal of Financial Economics | zh_TW |
| dc.relation.reference (參考文獻) | Faulkender Michael and Rong Wang, Aug 2006, Corporate financial policy and the value of cash, The Journal of Finance, Vol. Lxi, No.4 | zh_TW |
| dc.relation.reference (參考文獻) | Godlewski C., Dec.2008, Duration of syndication process and syndicate organization, Working paper | zh_TW |
| dc.relation.reference (參考文獻) | Godlewski C., Weill L., 2008, Syndicated loans in emerging markets, Emerging Market Review | zh_TW |
| dc.relation.reference (參考文獻) | Gatti, S., Kleimeier, S., Megginson, W., Steffanoni, A., 2008, Arranger certification in project finance, Working paper | zh_TW |
| dc.relation.reference (參考文獻) | Hurn S., 1990, Syndicated Loans: A handbook for banker and borrower | zh_TW |
| dc.relation.reference (參考文獻) | Ivashina, V., 2005, Structure and pricing of syndicated loans, Journal of Financial Economics forthcoming | zh_TW |
| dc.relation.reference (參考文獻) | Ivashina, V., 2009, Asymmetric information effects on loan spread, Journal of Financial Economics, Volume 92, Issue 2 | zh_TW |
| dc.relation.reference (參考文獻) | Ivashina, V. and Sun, Z., Aug 2010, Institutional Demand Pressure and the Cost of Corporate Loans, Wording paper | zh_TW |
| dc.relation.reference (參考文獻) | Loughran T., Ritter J. R., September 2001, Why has IPO underpricing increased over time? Working paper | zh_TW |
| dc.relation.reference (參考文獻) | Mark Carey and Greg Nini, Nov 2007, Is the corporate loan market globally intergrated? A pricing puzzle, The Journal of Finance, Vol. Lxii, No.6. | zh_TW |
| dc.relation.reference (參考文獻) | Maskara P. K., 2010, Economic value in tranching of syndicated loans, Journal of Banking & Finance | zh_TW |
| dc.relation.reference (參考文獻) | Nini, G., 2009, How non-banks increased the supply of bank loans: Evidence from institutional term loans, Working paper | zh_TW |
| dc.relation.reference (參考文獻) | Nandy, D., and Pei, Shao., 2010, Institutional investment in syndicated loans, UBC Winter Finance conference 2008 paper and EFA 2009 Bergen Meeting Paper | zh_TW |
| dc.relation.reference (參考文獻) | Qian Jun and Philip E. Strahan, Dec 2007, How laws and institutions shape financial contracts: The case of banking loans, The Journal of Finance, Vol Lxii, No.6 | zh_TW |
| dc.relation.reference (參考文獻) | Ritter J. R., 2003, Investment Banking and Securities Issuance, handbook of the Economics of Fiannce. | zh_TW |
| dc.relation.reference (參考文獻) | Rhodes, T., 2004, Syndicated lending: Practice and Documentation, Fourth Edition. | zh_TW |
| dc.relation.reference (參考文獻) | Roij Ger van, 2006, Syndicated Loans: Developments, Characteristics and Benefits, Chapter15 of Advances in Corporate Finance and Asset Pricing | zh_TW |
| dc.relation.reference (參考文獻) | Ross, D., 2007, The “dominant bank effect”: How high lender reputation affects the information content and terms of bank loans’, Working paper | zh_TW |
| dc.relation.reference (參考文獻) | Rocholl Jorg, 2009, A friend in need is a friend indeed: Allocation and demand in IPO bookbuilding, Journal of Financial Intermediation | zh_TW |
| dc.relation.reference (參考文獻) | Sufi Amir, 2007, Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans, The Journal of Finance, Vol. Lxii, No.2 | zh_TW |
| dc.relation.reference (參考文獻) | Standard & Poor’s, October 2008, A Guide To The Loan Market-A Syndicated Loan Primer, Page 7-28 | zh_TW |
| dc.relation.reference (參考文獻) | Tim Loughran, Jay R. Ritter and Kristian Rydqvist, 1994, Initial public offerings: International insights, Pacific-Basin finance Journal. | zh_TW |
| dc.relation.reference (參考文獻) | Tzeng Chi-Keng, 2003, The relationship between corporate security dependence, underpricing and expected return - Evidence from the security market in U.S..(In Chinese) | zh_TW |
