| Summary: | 碩士 === 東吳大學 === 會計學系 === 98 === This study uses 432 listed company of China as study samples, which selected from GTA Data over the period 1998 to 2009. We examine the influence of loyal banking relationship on enterprise. The study subjects as follows: First, we examine the influence of loyal banking relationship on financial performance and loans of distressed firms. Second, we observe the whether the relationship will affect the market and financial performance of firm. Final, whether the loyal banking relationship will lower the probability of financial distress. The research results are as follows:
1. Companies with loyal banking relationship can't get more loans than those without loyal banking relationship when in financial distress, and the loans of two category's company after distress is less than financial distress period. The same findings when divide the total sample into private and state-owned company.
2. The financial performance after distress is not significant between company with and without loyal banking relationship. The same findings when divide the total sample into private and state-owned company, but the state-owned company has better performance after financial distress.
3. The market and financial performance are not significant between company with and without loyal banking relationship. After dividing into private and state-owned company, the state-owned companies with loyal banking relationship has better performance than those without loyal banking relationship.
4. The probability of financial distress of companies with loyal banking relationship is lower than those without loyal banking relationship. After dividing into private and state-owned company, the private companies with loyal banking relationship has lower probability of financial distress than those without loyal banking relationship.
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