CAJ | 학술논문

鉴于台资企业在两岸经济的重要地位以及当前两岸金融合作的乐观态势，研究台资企业的资本结构特征以及在中国大陆的融资行为，具有重大现实意义。由此，本文对大苏州地区的台资企业进行了问卷调查，获取了第一手的台资企业（研究样本）财务资料和融资信息，对台资企业的资本结构特征以及在中国大陆的融资行为进行了深入的研究。研究发现，台资企业的负债融资主要是依靠经营性负债和（或）短期性借款；向金融机构借款的比率并不高，且借款形式以短期借款为主；向大陆中资银行或金融机构的融资是台资企业重要的资金来源，尤其是在周转金安排上；造成台资企业在大陆借贷困难的主要原因是宏观经济政策、法令限制和企业自身财务的不佳。最后，基于研究结论，本文提出了相应的政策建议。
감우태자기업재량안경제적중요지위이급당전량안금융합작적악관태세，연구태자기업적자본결구특정이급재중국대륙적융자행위，구유중대현실의의。유차，본문대대소주지구적태자기업진행료문권조사，획취료제일수적태자기업（연구양본）재무자료화융자신식，대태자기업적자본결구특정이급재중국대륙적융자행위진행료심입적연구。연구발현，태자기업적부채융자주요시의고경영성부채화（혹）단기성차관；향금융궤구차관적비솔병불고，차차관형식이단기차관위주；향대륙중자은행혹금융궤구적융자시태자기업중요적자금래원，우기시재주전금안배상；조성태자기업재대륙차대곤난적주요원인시굉관경제정책、법령한제화기업자신재무적불가。최후，기우연구결론，본문제출료상응적정책건의。
In the light of the important status of Taiwan-funded enterprises in the cross-strait and the optimistic situation of the current cross-strait financial corporation,it＇s meaningful to study the Taiwan-funded enterprises＇ capital structure and their financial activities in China mainland. This paper has surveyed Taiwan-funded enterprises in Su Zhou district to get the first- hand financial data,by which we have thoroughly studied the Taiwan-funded enterprises ＇ capital structure and their financial activities. It＇s found that, the liability of Taiwan-fnnded enterprises, is mostly composed of operating liability and short-term loan, the ratio of debt to financial institution is not high and the debt is mostly short-term ; Financing from the bank or financial institution is important fund source for Taiwan-funded enterprises, especially regarding revolving fund; and moreover it shows that macroeconomic policy, legal restriction and bad financial behavior is the principal reason causing the Taiwan-funded enterprises＇ difficulty in debt-finance in China mainland. At last some policy recommendations is made.