| Summary: | 碩士 === 淡江大學 === 會計學系碩士在職專班 === 101 === Credit granting by banks to small and medium enterprises (SMEs) is encouraged by government poli-cies. Besides, as the increase of interest rate for small and medium-sized enterprises is greater than that given for large enterprises, all banks regard the financing of small and medium-sized enterprises as their main business so as to lengthen the interest spread. However, when the credit granting staffs in the bank check the credit granting for small and medium enterprises, they sometimes find some false financial statements thus disapproving the application for credit. Meanwhile, the credit granting staff may also influ-ence the approval of the case or the amount of loan due to their self-interested motivation. Moreover, estab-lishing interpersonal relationships in such cases is a characteristic of the Chinese culture. Therefore, the client’s relationship with the credit-granting party will affect the decision as well.
This study aims to explore whether the credit granting staff in the bank will be affected by the factors such as financial reports having been certificated by a CPA, relationship with client and self-interested mo-tivation when they grant credit to small and medium-sized enterprises. The study adopts a scenario experi-ment design and collects data by questionnaires from the subjects who have the experience of credit grant-ing in First Bank, Taiwan Cooperative Bank and Hwa Tai Bank. A total of 267 valid questionnaires have been collected. The major findings in this study are as follows: 1. When the credit granting staffs in the banks evaluate the credit granting, whether the borrowers provide the financial statement certificated by CPAs or not, it exerts a significant impact on the credit granting decision. 2. When the credit granting staffs in the banks evaluate the credit granting, whether they have a self-interested motivation has a significant effect on the credit granting decision. 3. Whether the credit granting staff in the banks is connected with the clients has a significant impact on the credit granting decision. 4. Whether the financial statement approved by a CPA and whether the staff are connected with clients exert a significant interact impact on the credit granting decision.
In summary, it is suggested that the financial statements of should be certified by a public accountant when an SME applies for bank financing, aiming to improve the SMEs accounting system and reduce in-formation asymmetry. In addition, the bank administrative authorities should set up internal regulations, systems and code of conduct to establish a clear objective and a rational reward and promotion system and enhance the credit granting staff’s financial moral values to guarantee credit granting quality.
Keywords: CPA Certification; Self-interested Motivation; Client Relationship
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