The Benefits of Political Connections in the Financial Crisis / 政治關係在金融海嘯期間的利益

碩士 / 國立臺中科技大學 / 財務金融系碩士班 / 101 / This paer using detailed data on Taiwan listed companies. Before and after the financial crisis, three years time to study political connections can bring with bank loans on benefits. Two samples, company have political relations and company did not have political relations. Study when financial crisis. Taiwan''s economy in the case of poor, the company has political connections can strengthened benefit of loan agreement, or not. We think the reason is, from the high credit risk and no political connections companies were excluded from the loan market outside. We through research political connections and bank loan contracts and financial crisis relationship to answer this question. This paper find before financial crisis, the political connections can get benefit of loan agreement Interest rate. but, when financial crisis, the company with political connections can''t got benefit of loan agreement Interest rate. Therefore, We conclude that when financial crisis, the company has political connections can indeed improve the probability of get bank loan contracts.

Identiferoai:union.ndltd.org:TW/101NTTI5304006
Date January 2013
CreatorsChung-Jen Su, 蘇重任
ContributorsJui-Chang Cheng, Chih-Yung Lin, 鄭瑞昌, 林智勇
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format32

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