頁籤選單縮合
題名 | 中小企業財務危機預警實證研究之文獻回顧=The Literature Review and Evidence Study of Financial Crisis Pre-Warning Model for Taiwan SMEs |
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作者 | 曹曾樹; Tsaur, Sam Tsen-shu; |
期刊 | 中小企業發展季刊 |
出版日期 | 20080900 |
卷期 | 9 2008.09[民97.09] |
頁次 | 頁135-167 |
分類號 | 553.977 |
語文 | chi |
關鍵詞 | 中小企業; 財務危機預警模式; 公司治理; 盈餘管理; Small and medium enterprises; SMEs; Financial crisis pre-warning model; Corporate governance; Earnings management; |
中文摘要 | 中小企業已在台灣經濟發展扮演非常重要的角色,在全球經營環境劇烈的變動下,中小企業的經營面臨更嚴酷的挑戰。本文主要利用國內外研究企業財務危機預警相關文獻,並訪談中小企業主、會計業者及金融機構經理人,獲得預測中小企業財務危機預警變數。研究結果,可提供企業負責人、政府單位及貸放金融機構預先暸解企業經營實況,並及時針對財務問題及營運計畫,提供有效的診斷協助。 從研究中獲得中小企業經營之財務警訊變數,分財務指標變數及非財務指標變數兩部分。財務指標變數有:「營業費用率」、「流動比率」、「負債比率」、「利息支出/總資產」、「營收成長率」、「現金/總資產」、「存貨/銷貨收入淨額」、「應收帳款週轉率」及「總資產週轉率&總資產報酬率」,為影響中小企業產生財務危機之重要影響之指標變數。 非財務指標變數,包含(1)企業:「成立年資」、「短中期授信總餘額佔最近1 年報稅營業額比率」及「債務銀行往來家數」等指標變數;(2)保證人:「保證人年齡」、「保證人婚姻關係」、「保證人教育程度」及「預借現金情況」;(3)銀行信用:「聯徵查詢次數」、「保證人數目」、「信用額度使用率」、「負責人之不動產是否遭假扣押等信用減損情形」及「使用現金卡或信用卡循環」等可當成輔助判別企業財務危機的指標變數。 經濟部中小企業處(SMEA)針對中小企業提供許多資源協助,協助中小企業取得各項營運資金,擴大中小企業資金籌措管道,並結合信保基金、聯合輔導基金資源,提供中小企業各項融資診斷、信用保證,解決中小企業經營所需資金問題。建議中小企業善加利用政府資源,強化企業的整體競爭力 |
英文摘要 | This text mainly utilizes literature review relevant documents at domestic and abroad involving financial crisis pre-warning of enterprises. Next, by interviewing SMEs' presidents, accountants and financial institution managers, early warning parameters to predict SMEs financial crisis were obtained. The result of this study can properly offer directors, government unit and financial institutions the realistic management situation of enterprises in advance and effectively provide them with immediate diagnostic assistance in financing issues and operating plans. According to the results of literature review and evidence study, we get two categories of financial warning variables from this study, i.e. financial and non-financial index variables. The financial index variables are as follows: ‧Operating Expense Rate, Current Ratio, Liability Ratio, Rate of Interest to Total Asset, The Growth Rate of Sales, Rate of Cash to Total Assets, Net Rate of Inventory to Sales Revenue, Account Receivable Turnover Rate, and Total Assets Turnover and Its Return. The non-financial index variables are as follows: ‧In the enterprise category: The Age of the Company, Short-Term Loan Amount to Recent Sales Revenue and the Number of Creditors. ‧In the guarantor category: The Age of Guarantor, Marriage Status, Education Level, Cash Borrowing and the Number of Guarantors. ‧In the credit category: The Number of Credit Check, Credit Usage Rate, the Owner's Real Estate under Prohibition of Transferring or Using of Revolving Cash Card or Credit Card. They can be regarded as auxiliary index variables for differentiating an enterprise's financial crisis. The Small & Medium Enterprise Administration (SMEA) is responsible for carrying out so many programs and services, such as helping SMEs secure loans, expanding the financing channels available to SMEs, providing SMEs with credit guarantees and various financing diagnoses by combining the functions of the Small & Medium Enterprise Credit Guarantee Fund of Taiwan (Taiwan SMEG) and the Taiwan Small Business Integrated Assistance Center (SBIAC). We suggest that SMEs better utilize government resources to enhance the overall competitiveness. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。