| Summary: | 碩士 === 逢甲大學 === 經營管理碩士在職專班 === 94 === In view of the fact that the relevance and dynamic relations between the variables of economics and banking credit-rating have quite a benefit to lead the banking financing policy, and there are a lot of factors to influence financing policy, this research try to use Cointegration Test of the Johansen (1988) to discuss the influence on total amount of loans and the Small and Medium Enterprises (SME) Credit-Ratio causing by the variables of capital adequacy, past due loans ratio, leading indicator and coincident indicator, the conclusion have been summarized as follows:
This research used Unit Root Test- ADF, PP and KPSS to examine the variables and found that all the variables are difference-stationary process. Furthermore, in order to confirm the long term stable relations among these variables, we used Cointegration Test of the Johansen (1988) to examine these variables. And witness on Bank of Taiwan, Land Bank of Taiwan, Taiwan Cooperative Bank, First Commercial Bank, Hua Nan Commercial Bank, Ltd., Chang Hwa Commercial Bank Ltd., we have obtained the outcome, that is, no matter public or private commercial banks, their total amount of loans and the SME Credit-Ratio will be lead to a long terms stable relations reflection on business cycle fluctuations. In consideration of business risks and performance for the business strategies, it is necessary to adjust the direction of business management in accordance with the market mechanism. However, the sensitivity is not obvious to the leading indicator on the SME special-purposed banks in Taiwan whom have a higher credit ratio to the SME. That is the difference between the SME special-purposed banks and other enterprises on business strategies. We consider that above-mentioned banks are requested to meet the minimum ratio to the SME by policies, in such case, that causes the leading indicator’s reflection on market mechanism is not obviously.
The development of financial environment is closely linked with the changes on economic environment and the policies. The domestic banks in Taiwan which established one after another since 1989 have been guided to internationalization and large scale. Meantime, due to government carries out the financial reform in recent year, the SME special-purposed bank have transformed to commercial bank gradually. At request of improvement on the performance and risk sensitivity under BASEL II, the domestic financial institutions will devote to change their management direction to meet their requirement in the future. Thus, we can foresee the influence on the financial policy to the SME. Moreover, the counseling institution of SME and the SME special-purposed bank to execute their duty and policy exactly will be very important.
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