| Summary: | 碩士 === 樹德科技大學 === 經營管理研究所 === 92 === Either a company or a nation is working towards liberalization, internationalization, and globalization. After Taiwan becomes a member of the WTO, i.e. being officially accepted by other countries, many foreign financial institutes will participate in Taiwan’s financial market and they will influence the structure of financial development in Taiwan. There is an integration correlation between the improvement in a nation’s wealth accumulation and economic advancement. As a result, a study of financial development and its relevant factors of interference should be implemented. Based on multiple factors of interference for the financial development environment, this study aims to understand the degree that it influences Taiwan financial development. The results are (1)Regarding Goldsmith’s Financial Interrelation Ratio, its quantity structure is amended in order to meet Taiwan’s financial development; GM (1,1) model is also applied to establish an estimated model of .(2)In using the estimated model, the original value that influences the variance of financial development, such as currency ratio, average capital formation factor, GNP growth ratio of physical calculation, GDP implicit price deflator variation ratio, capital formation ratio, new issue ratio of non-financial unit, finance medium ratio, stratification ratio, issue net amount of price sensitivity financial tool that uses the ratio of total issue net amount, financial tool price variation ratio and GNP ratio of foreign investment net amount are all used as references. It verifies the application of the estimated model.(3)In the excellent condition of the estimated model, the set up is used to evaluate the value in end of 2003. The finance index of the is positive. However, there is an obvious decrease of in comparison with 2002 that shows the recession in 2003.(4)The GM (1,1) model is used to analyze the degree difference that influences each factor of FIR. Among them, the currency ratio contributes much to with other tools such as the capital formation ratio, GNP ratio of foreign investment, stratification ratio, and financial tool price variation ratio also demonstrating significant influence. The researching results can be used as an excellent reference for making finance management decisions by economic and finance management, enterprise management and financial market investors.
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