The Determinants of Factoring for All Listed Companies in Taiwan
碩士 === 輔仁大學 === 金融與國際企業學系金融碩士在職專班 === 104 === With increasing international trade, change of trade payment modes and longer payment period, the enterprises will face more pressure on operating cash flow and capital management to expand their business. So they can utilize Factoring to finance their f...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/11856245628704131869 |
| Summary: | 碩士 === 輔仁大學 === 金融與國際企業學系金融碩士在職專班 === 104 === With increasing international trade, change of trade payment modes and longer payment period, the enterprises will face more pressure on operating cash flow and capital management to expand their business. So they can utilize Factoring to finance their fund and ensure debt transactions.
This paper discusses the factors of the acquisition of accounts receivable business for listed companies in Taiwan from 1998 to 2015. In this study, logistic regression (Logistic) analyses are conducted. The empirical results show: (1) the larger company size and higher credit rating scores will tend to use the factoring more frequently. (2) The longer the cash working turnover period, more likely factoring is used. (3) The higher ratio of director share collateralization will not necessarily tend to use more factoring.
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