The Determinants of Credit Ration for Enterprises in the Borrowing Process with Bank
| Autor: | DIN-WEI LEE, 李定緯 |
|---|---|
| Rok vydání: | 2007 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 95 It is an important job for enterprise to acquire credit through the borrowing process with bank. This paper using a sample of 498 enterprises in the central aera of 7 different branches of a well-known commercial bank in Taiwan to investigate the determinants of credit rationing in the borrowing processes. Firstly we compared the method of Multinominal logit model with the Binary(Logit and Probit) model. The main results are as follows：variables reflect that the number of banks the enterprise had loan application，if it is a median or micro scale enterprise，if the enterprise is a new applicant，the amount variation of this loan application，the current credit rating，if this application needs to be approved by the upper management are significantly affect the determinants of credit rationing in the borrowing process. Secondly, this study point out the marginal effect of the important binary variables. Finally after sample selection process, through heckit method for enterprises that havn’t been rationed, this study analysis the factors that the maximum amount the bank is willing to grant given the state of knowledge about the applicant and according to the internal criteria of the bank. The main results are as follows：the bank is willing to supply larger loan if the enterprise had been granted more loan amount by other banks，the enterprise can provide more value of collateral and assets ，credit rating of this enterprise with a high score, and these coefficients are positive and significant. Secondly, variables shows that the number of banks the enterprise had applied，if it is a median or micro scale enterprise，if the enterprise is a new applicant，if this application needs to be approved by the upper management are negative significantly with the maximum amount that the lender is willing to grant. This paper has built different models, although there is a little difference in the significant level of credit rationing determinants. These interesting results we obtained are sure to answer the practical operation of the bank and can indeed provide a good explanatory power in the credit determinants for enterprise and bank. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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