English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113318/144297 (79%)
Visitors : 51084711      Online Users : 951
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/54413
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/54413


    Title: 民營化對企業聯合貸款借款條件影響
    Privatization effects on syndicated loans
    Authors: 羅雅文
    Contributors: 張元晨
    羅雅文
    Keywords: 聯合貸款
    民營化
    Date: 2011
    Issue Date: 2012-10-30 10:58:35 (UTC+8)
    Abstract: 近年來各國政府對國營事業積極進行民營化政策,藉由民營化可以提升企業的獲利能力和經營效率,但是同時也讓企業失去政府在背後支持的保護,可能因此增加其倒閉的風險,而銀行聯合貸款是企業重要的融資來源,銀行相較於一般的債券投資人對公司有更深入的了解和監督,因此在借款條件上更能反映出企業經營的表現,希望透過本文探究公司民營化對其在聯合貸款的借款條件上有何影響。研究樣本為全球開發中國家和歐洲已開發國家的民營化公司,研究結果發現民營化之後企業普遍擁有較低的借款利率和較高的借款金額,可見聯合貸款參與之貸款者相較於有政府在公司背後做保證,更重視企業民營化後在獲利能力和經營效率上的改善,而願意提供較優惠的借款條件給民營化公司。
    Reference: Borisova, G.,Fotak, V., Holland, K., and Megginson,W.2011.Government Ownership and the Cost of Debt: Evidence from Government Investments in Publicly Traded Firms. Advance Access published August 30, 2011.
    Borisova, G., and Megginson, W.2011. Does Government Ownership Affect the Costof Debt? Evidence from Privatization.Review of Financial Studies. Advance Access published March 2, 2011
    Brown, C., and Dinc, S. 2009. Too Many to Fail? Evidence of Regulatory Forbearance When the Banking Sector Is Weak.Review of Financial Studies. Advance Access published May 27, 2009, 10.1093/rfs/HHP039.
    Brown, C. and Dinc, S. 2005. The politics of bank failures: Evidence from emerging markets, Quarterly Journal of Economics 120, 1413-1444.
    Carey, M. and Nini, G. 2007. Is the Corporate Loan Market Globally Integrated? A Pricing Puzzle.Journal of Finance 62:2969–3006.
    Collin-Dufresne, P., Goldstein, R. and Martin, J. 2001. The Determinants of Credit Spread Changes. Journal of Finance 56:2177–207.
    Djankov, S., and Murrell, P. 2002. Enterprise Restructuring in Transition: A Quantitative Survey. Journal of Economic Literature 40:739–92.
    Faccio, M., Masulis, R., and McConnell, J. 2006. Political Connections and Corporate Bailouts. Journal of Finance 61:2597–635.
    Fama, E., and French, K. 1993. Common Risk Factors in the Returns on Stocks and Bonds. Journal of Financial Economics 33:3–56.
    Graham, J., Li, S., and Diu, J. 2007.Corporate Misreporting and Bank Loan Contracting.Journal of Financial Economics89, 44– 61.
    Gibbon, H. 1998. “Worldwide Economic Orthodoxy”, Privatisation International 123, 4–5.
    Gibbon, H. 2000. “Editor’s Letter”, Privatisation Yearbook, Thomson Financial, London, p. 1.
    Megginson, W., and Netter, J. 2001. From State to Market: A Survey of Empirical Studies on Privatization.Journal of Economic Literature 39:321–89.
    Megginson, W., Nash, R., and Van Randenborgh, M. 1994. The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis. Journal of Finance 49:403–52.
    Megginson, W., Netter, J., Chahyadi, C. 2005.Size and Impact of Privatisation – A Survey of Empirical Studies.CESifo DICE Report 1/2005
    OECD, 1998.Corporate governance, state-owned enterprises and privatization.OECD Proceedings. OECD Publishing.
    Sheshinski, E. and Lopez-Calva, L. 1999. Privatization and itsBenefits: Theory and Evidence, CESifo Economic Studies 49,429–59.
    Shleifer, A., 1998. State versus Private Ownership.The Journal of Economic Perspectives 12, 133-150.
    葉美華, 2006, “The Study of Banking Business Model and Strategy about Syndicated Loan Product – in Taiwan Syndication Market”, 國立政治大學經營管理碩士學程碩士論文
    Description: 碩士
    國立政治大學
    財務管理研究所
    99357020
    100
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0099357020
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

    Files in This Item:

    There are no files associated with this item.



    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback