A Study of Financial Distress Prediction Index for Enterprises from the Point of View of Bank Loans

• Main Authors: Hsi-Huang Huang, 黃喜煌
• Other Authors: Jun-Biao Lin
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/16527768992189350783

碩士 === 國立高雄第一科技大學 === 金融所 === 98 === Every walk of life in Taiwan has been fiercely attacked by the global financial tsunami which occurred in 2008. Our government carries out three strategies to help the enterprises which have financial crisis to prevent more serious economic problems from mushrooming due to their influence on the basis of the credit of the banks.Besides, in order to keep away from those whose reputation of credit checking is not good, the banks sift from the accommodator and frame the strategies of credit checking in advance. The thesis aims to explore the distinctive ability of the financial data of a company and compare the difference between the practical enterprise estimation and academic enterprise estimation. The target of the study focuses on Taiwan’s electronic companies of Over-the-Counter from 2000 to 2008, selected from Taiwan Economic Journal. The datum are examined by means of description statistics and Z-SCORE model and the examination shows as follows. First, The classifications of both variables in solvency and profitability are significant, and possessed of feasibility and effects for distressed enterprises.Second, the practical estimation has better effect of financial warning than academic estimation of Z-SCORE model. Also, it shows that it is necessary for the practical enterprise to develop the inner estimation model for accommodator to avoid the risk of credit checking.