| dc.description.abstract | Small and medium corporations (SME) arenas always been the main economical pillars of Taiwan corporate structure; take 2010 as an example, 97.68% of all corporates are SMEs, which contributes 78.06% of the employment forces, based on MOEA SME DEPT’’s statistics; showing that SME’’s significant contribution to Taiwan social structure and domestic economic growth, as well as society stability. In addition, according to the Banking Bureau’’s statistics, bank loans to SME are as much as 19.85% and 20.81% of total bank loan outstanding in the year of 2010 and 2011 respectively. Domestic financial institutions generally has a standard pricing policy toward corporate loans; the case study in the thesis using the 4 basic principles as the pricing standard for loan interest calculation: pricing basis, credit premium, operation cost, and authorized interest spreads, whichmakes up corporates’’ financial cost. Of which, pricing basis and operational cost are assumed the same under the circumstances that lending currency and lending tenor are the same. Each individual corporate’’s lending cost is different based on credit rating derived by assessing the past financials of their operating results. Even though Taiwan SMEs lack financial transparency, would credit ratings based on the financials and business information provided by each individual corporate affect their lending cost?
This thesis is base on specific corporate lending case, using linear regression analysis, to derive the following conclusions:
1. Corporate credit rating assessment for SME indeed affects the finial costs of the corporate.
2. Further analysis on corporate’’s basic information, other credit rating affecting factors includes, EBITA, debt ratio.
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