企業信用管理政策之個案研究;A CaseStudy on the Enterprise Credit Management Policy

NCU Institutional Repository > 管理學院 > 財務金融學系碩士在職專班 > 博碩士論文 > Item 987654321/80805

請使用永久網址來引用或連結此文件: http://ir.lib.ncu.edu.tw/handle/987654321/80805

題名:	企業信用管理政策之個案研究;A CaseStudy on the Enterprise Credit Management Policy
作者:	陳明慧;Chen, Ming-Hui
貢獻者:	財務金融學系在職專班
關鍵詞:	信用管理;credit management
日期:	2019-07-23
上傳時間:	2019-09-03 15:09:01 (UTC+8)
出版者:	國立中央大學
摘要:	本論文以國內一家電子業廠商為個案研究對象，個案公司主要營業項目為專營顯示器之業務，商業交易模式有60%為賒銷(先出貨後付款)交易，因賒銷占比達六成，因此擬定嚴謹且有效之信用管理機制極為重要，信用機制的主要功能為確認能提供給客戶多少的信用額度，以及出貨後的付款條件，而提供給客戶信用額度及付款條件將影響個案公司的應收帳款餘額及未來現金流量情形。資料來源主要是以個案公司過去年度之財務評分項目。研究方法為最小平方法OLS迴歸模型及Simple to General最適模型估計，自變數為應收帳款，解釋變數為各財務評分項目，包含現金比率、負債比率及流動比率等，文中探討應收帳款與各財務評分項目之關係及顯著性，並找出最適模型估計，進一步提供個案公司做為信用評分表優化之參考依據。經由實證結果顯示，最適模型包含了存貨週轉天數、稅前獲利年成長率、現金比率、流動比率、負債比率、速動比率、稅前淨利率等解釋變數。據此建議個案公司可再重新審視信用管理機制，並依研究結果調整各財務評分項目及最適權重，以嚴實管控公司整體之信用額度，藉此降低公司之應收帳款餘額及呆帳風險。 ;This study is based on a domestic electronics company and 60% of its business transactions are credit sales. Therefore, it is extremely important for this firm to develop a rigorous and effective credit management mechanism. The main function of this credit mechanism is to confirm the amount of credit that can be provided to customers and the payment terms after shipment. The credit limit and payment terms provided to customers will affect this case company‘s accounts receivable balance and future cash flow scenarios. The data source of this study is the financial-rating project of the case company in past years. The research method is the least- square-method OLS regression model and the Simple to General optimal model estimation. The explained variable is the accounts receivable, and the explanatory variables are the financial score items, including the cash ratio, the debt ratio and the current ratio. This paper discusses the accounts receivable, the relationship and significance of each financial scoring project, and find the best model estimates, further provide the case company a reference for issuing a credit score. The empirical results show that the optimal model includes the inventory turnover days, pre-tax profitable annual growth rate, cash ratio, current ratio, debt ratio, quick ratio, pre-tax net interest rate and other explanatory variables. According to this model, the case company can re-examined its credit management mechanism, and adjust the financial score items and the their optimal weight according to the research results to strictly control the company′s overall credit limit, thereby reducing the company′s accounts receivable balance and credit risk.
顯示於類別:	[財務金融學系碩士在職專班] 博碩士論文

文件中的檔案:

檔案	描述	大小	格式	瀏覽次數
index.html		0Kb	HTML	210	檢視/開啟

在NCUIR中所有的資料項目都受到原著作權保護.

社群 sharing

資料載入中.....