| Summary: | 碩士 === 國立雲林科技大學 === 會計系 === 103 === Wang Yung-ching, Stan Shih, Chang Yung-Fa, and Terry Guo are among Taiwan's most famous and successful entrepreneurs, and symbolize Taiwan's rugged entrepreneurial spirit and all those other individuals who also built thriving businesses from scratch. Nevertheless, the times and business environment have changed, and regional economic integration and Taiwan's uncertain international status have dealt a blow to Taiwan's export-oriented economic development.
Small and medium enterprises (SMEs) have always constituted the cornerstone of Taiwan's economic development. Nevertheless, a high degree of information asymmetry and imperfect financial accounting systems have led to imbalances in the supply and demand of funds between banks and SMEs. As a consequence, how banks can avoid delinquent loans, how SMEs can raise funds, and how to achieve a balance in the supply and demand of funds will be important future issues.
This study takes an SME that has applied for business startup loans for young entrepreneurs in the owner's name, and has received credit of under NT$30 million in order to avoid CPA audit and attestation, as its research subject. The study verified that the fact that the company's financial information had not been audited by a CPA was completely irrelevant to the loan decision, which was in fact connected with non-financial information. The young entrepreneur loan, which did not require the provision of financial statements in spite of its constituting corporate finance, also verified the importance of non-financial information variables to lending decisions.
Keywords: Young entrepreneur loan, SME loan, non-financial information, Logit
|
|---|
