An Exploration of Key Factors to Accounts Receivable Factoring for Taiwan Listed Companies

• Main Authors: Lan-hui Peng, 彭蘭惠
• Other Authors: Juei-chi Shen
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/09853542510086566158

碩士 === 南台科技大學 === 會計資訊系 === 97 === This study focuses on the key determinants of accounts receivable Factoring for Taiwan-listed companies. According to statistics published by FCI in 2007, the trading volume of Factoring took second place in Asia. Factoring has become the preferred financial tool in obtaining flexible working capital for businesses of all sizes. Based on sample firms listed in Taiwan from first quarter of 2002 to the third quarter of 2008, there exists an increasing trend for companies to use Factoring. The logistic regression model is used to analyze the willingness of business to use Factoring. The empirical results show that: (1)the companies with larger size or with higher TCRI scores, and the electronic industry are inclined to use Factoring; (2)there exists a negative relationship between financial rates (cash flow rate and A/R turnover rate) and trading volume of Factoring. In addition, the relevant financial accounting standards are also discussed.