The study on bank loans and debt financing cost of Taiwan's listed companies
碩士 === 亞洲大學 === 財務金融學系 === 103 === This study investigates whether the long-term relationship of loan between public company and its financing banks in Taiwan could reduce the debt cost of capital and increase the performance on firm’s return. For comparison, the debt cost of capital is measured by...
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ndltd-TW-103THMU02140122017-04-24T04:23:05Z http://ndltd.ncl.edu.tw/handle/63918039718708760856 The study on bank loans and debt financing cost of Taiwan's listed companies 臺灣上市公司融資成本與銀行貸款分析 Yu-Ting Lin 林玉婷 碩士 亞洲大學 財務金融學系 103 This study investigates whether the long-term relationship of loan between public company and its financing banks in Taiwan could reduce the debt cost of capital and increase the performance on firm’s return. For comparison, the debt cost of capital is measured by the loan spread which is the difference between the interest rate on individual loan and the average interest rate on the same financing banks. The results show that financing bank is able to effectively obtain the company’s inside information according to the trading experiences in the past when the long-term relationship of loan is more closely integrated with its corresponding company. As a result, the closer long-term relationship of loan between public company and banks could reduce the debt cost of capital and improve the problem of asymmetric information. Chih-Chung Chien 簡智崇 2015 學位論文 ; thesis 38 zh-TW |
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碩士 === 亞洲大學 === 財務金融學系 === 103 === This study investigates whether the long-term relationship of loan between public company and its financing banks in Taiwan could reduce the debt cost of capital and increase the performance on firm’s return. For comparison, the debt cost of capital is measured by the loan spread which is the difference between the interest rate on individual loan and the average interest rate on the same financing banks.
The results show that financing bank is able to effectively obtain the company’s inside information according to the trading experiences in the past when the long-term relationship of loan is more closely integrated with its corresponding company. As a result, the closer long-term relationship of loan between public company and banks could reduce the debt cost of capital and improve the problem of asymmetric information.
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Chih-Chung Chien |
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Chih-Chung Chien Yu-Ting Lin 林玉婷 |
author |
Yu-Ting Lin 林玉婷 |
spellingShingle |
Yu-Ting Lin 林玉婷 The study on bank loans and debt financing cost of Taiwan's listed companies |
author_sort |
Yu-Ting Lin |
title |
The study on bank loans and debt financing cost of Taiwan's listed companies |
title_short |
The study on bank loans and debt financing cost of Taiwan's listed companies |
title_full |
The study on bank loans and debt financing cost of Taiwan's listed companies |
title_fullStr |
The study on bank loans and debt financing cost of Taiwan's listed companies |
title_full_unstemmed |
The study on bank loans and debt financing cost of Taiwan's listed companies |
title_sort |
study on bank loans and debt financing cost of taiwan's listed companies |
publishDate |
2015 |
url |
http://ndltd.ncl.edu.tw/handle/63918039718708760856 |
work_keys_str_mv |
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