| dc.description.abstract | Abstract
Since 1989 when the government opened the new private banks . The financial sector had developed in recent years into the era of highly competition . In order to snatch market share , banks had to cut interest rates as a trick to force back the opponent . In fact , hot money flood the domestic and blue-chip companies were limited , the bank found it’s hard to earn spreads . On the other hand , because of the scale , information asymmetry , tax savings or concerns information monopoly , a part of merit SMEs suffered insufficient number of loans or lead no way to get . It also stifled economic vitality of Taiwan . However , banks lent to SMEs had been taken to high risky and increased more non-profit loans .
Many books and researches have been discussed with SMEs seeking financing , and bank lending to SMEs’ concerned mostly from asymmetric information . In order to understand whether there is a pattern can avoid to get into strait , It gives birth to this study . If we can develop relational financing model such as the United States for years , is that possible to increase SME financing pipeline opportunities ? It may help eliminate the information asymmetry concerns . For this study, the right side on the banks of the credit manager, accounting firms manager and SME finance director for semi-structured interviews and questionnaires , I wish to coordinate tripartite differences for developing the relational financing model . It may lead to find a consensus .
After finishing interviews and questionnaires , I found that SMEs have flexible dynamic characteristics . The credit for the new model have encountered generally accepted . And they don’t worry about bank accordingly master the relationship . On the contray , the banking sector and accounting firms manager is relatively caught with rules and regulations , although they found it difficult to make it but interestingly had optimistic view . This study generalizes tripartite differences or not . If someday someone can extend relational model of financing possibility , it serve to provide bank the decision analysis of lending to SMEs’ and future reference of pricing strategy.
Keywords: information asymmetry, relational financing, information monopoly and competition | en_US |