The impact of banker in board on debt ratio of firm
碩士 === 國立暨南國際大學 === 財務金融學系 === 95 === The primary purpose of this paper is to analyze the impact that bankers on the board are a firm’s debt ratio. Then discussing bankers service that offer on the board and analyze what it will be role that act mainly. Our research is utilized method of two-stage s...
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ndltd-TW-095NCNU03040112015-10-13T16:41:21Z http://ndltd.ncl.edu.tw/handle/68103981824955113619 The impact of banker in board on debt ratio of firm 銀行在企業董監事會對企業資本結構之影響 Siao-Ting Lin 林筱婷 碩士 國立暨南國際大學 財務金融學系 95 The primary purpose of this paper is to analyze the impact that bankers on the board are a firm’s debt ratio. Then discussing bankers service that offer on the board and analyze what it will be role that act mainly. Our research is utilized method of two-stage simultaneous estimation procedure. The empirical results show that 1 .bankers on a firm’s board positively and significantly affects the long debt ratio. The results suggest that bankers provide expertise and certification; 2.in total sample and large firm sample, lending bankers also positively and significantly affects the long debt ratio. the longer lending bankers, the more sensitive is its debt ratio to the collateral, raising debt ratio implies that lending bankers are the “disabled monitors” roles. Disabled monitors exist in the sample that enters the firm’s board after financing activity.; 3.in contrast, in small firm sample, lending bankers on a firm’s board negatively affects the debt ratio. the longer lending bankers, the less sensitive is its debt ratio to the collateral. The results suggest that lending bankers exercise a monitoring role for small firm. monitors exist in the sample that enters the firm’s board before financing activity. Hsien-Chang Kuo Yi-Hsun Lai 郭憲章 賴怡洵 2007 學位論文 ; thesis 52 zh-TW |
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碩士 === 國立暨南國際大學 === 財務金融學系 === 95 === The primary purpose of this paper is to analyze the impact that bankers on the board are a firm’s debt ratio. Then discussing bankers service that offer on the board and analyze what it will be role that act mainly. Our research is utilized method of two-stage simultaneous estimation procedure. The empirical results show that 1 .bankers on a firm’s board positively and significantly affects the long debt ratio. The results suggest that bankers provide expertise and certification; 2.in total sample and large firm sample, lending bankers also positively and significantly affects the long debt ratio. the longer lending bankers, the more sensitive is its debt ratio to the collateral, raising debt ratio implies that lending bankers are the “disabled monitors” roles. Disabled monitors exist in the sample that enters the firm’s board after financing activity.; 3.in contrast, in small firm sample, lending bankers on a firm’s board negatively affects the debt ratio. the longer lending bankers, the less sensitive is its debt ratio to the collateral. The results suggest that lending bankers exercise a monitoring role for small firm. monitors exist in the sample that enters the firm’s board before financing activity.
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author2 |
Hsien-Chang Kuo |
author_facet |
Hsien-Chang Kuo Siao-Ting Lin 林筱婷 |
author |
Siao-Ting Lin 林筱婷 |
spellingShingle |
Siao-Ting Lin 林筱婷 The impact of banker in board on debt ratio of firm |
author_sort |
Siao-Ting Lin |
title |
The impact of banker in board on debt ratio of firm |
title_short |
The impact of banker in board on debt ratio of firm |
title_full |
The impact of banker in board on debt ratio of firm |
title_fullStr |
The impact of banker in board on debt ratio of firm |
title_full_unstemmed |
The impact of banker in board on debt ratio of firm |
title_sort |
impact of banker in board on debt ratio of firm |
publishDate |
2007 |
url |
http://ndltd.ncl.edu.tw/handle/68103981824955113619 |
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