The Study on the Relationships of Enterprises' Foreign Direct Investments in China and Bank Relationships-Illustrations of Domestic Electronic Industry
| Autor: | Ya-wen Chou, 周雅雯 |
|---|---|
| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 This study aims to explore the correlation between the factors of making investment in China by Taiwan’s listed/OTC electronic enterprises and bank relationships. The adequacy of capitals invested in China by Taiwan’s listed/OTC electronic enterprises doesn’t only affect the operation, but also becomes one factor to determine their success of overseas development. Taiwan’s enterprises have invested over ten billion NT dollars in China in these years, but the investment return is quite low. Under the limited information, will the banks provide different loan terms to the financing enterprises because of different bank relationships, plus the impact of “Investing in China, Leaving debt in Taiwan”? The empirical results show that the loan terms based on the enterprises and the bank relationships have no influence on the return of foreign direct investment in China by Taiwan’s listed/OTC electronic enterprises. For Taiwan’s listed/OTC electronic enterprises, the more the accumulated foreign direct investment amount in China is, the more preferential the loan terms based on the enterprises’ bank relationships will be. Accordingly, the higher the loan sum is, the lower the interest rate of loan will be. As a result, the accumulated foreign direct investment amount in China will be more. Secondly, the higher the shareholding ratio of investment in China by Taiwan’s listed/OTC electronic enterprises is, the more preferential the loan terms based on the enterprises’ bank relationships will be. Moreover, the more banks they have enterprises relationships with, the higher the loan sum will be, and the higher the shareholding ratio of foreign direct investment in China will be. Therefore, when enterprises make foreign direct investment in China, the investment amount and shareholding ratio simultaneously influence the enterprises’ bank relationships or the loan terms, which are the driving force for Taiwan’s listed/OTC electronic enterprises to make foreign direct investment in China. Therefore, the enterprises’ bank relationships is very crucial and shows impacts on the phenomenon that Taiwan’s listed/OTC electronic enterprises make foreign direct investment in China. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|