A Study of Relationships between Financial Constraints and Performance from Banking Relationships

• Main Authors: Chia-Jung Lin, 林佳蓉
• Other Authors: Wen-Wu Chang
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/06571631937189560881

碩士 === 真理大學 === 管理科學研究所 === 93 === 　　The goal of this article is to find out if company financial constraints affect its performance by three methods. We use the medians test method to examine if relationships between company and bank will influence performance and company financial constraints without controlling other variables. We use” the numbers of banks lend firms” and “the reliance on bank debt” to determine the relationships between banks and firms, and examine the influence of financial constraints on performance in the appraisal period with controlling the financial constraints by Logit model. Finally, we examine if companies with financial constraints have low performance in the appraisal period with controlling other variables by regression model. The empirical results indicate that the performance of companies with financial constraints is not different to companies with no financial constraints by three kinds of measurement methods.