銀行業外國董事對外國公司放貸條件之影響

Abstract

本文探討若銀行有外國董事時，是否會提供與該董事同一國的外國公司較為寬鬆的放貸條件。實證結果顯示，若銀行中有董事來自與借款者同一國，則貸款期間會較長且不需擔保。若放款銀行和借款公司的文化差距大，則外國董事會降低貸款利率、減少貸款額度、縮短貸款期間，以及使貸款需要擔保的機率增加。若借款公司為小公司，則外國董事會使貸款需要擔保的機率增加。若放款銀行的公司治理差，則外國董事會使貸款需要擔保的機率降低。

I investigate the impact of foreign directors in banks on the loan terms of borrowers from the same country as the foreign director. The empirical results suggest that if there is at least one foreign director whose nationality is the same as the borrower nationality, the loan maturity will be longer, and the necessity of security will be eliminated. If the cultural distance between lending bank and borrowing firm is large, foreign directors can lower the loan spread, amount, and maturity, and make loans more likely secured. If the borrower is a small company, foreign directors can increase the probability of loans being secured. If the corporate governance of the bank is poor, foreign directors can decrease the probability of loans being secured.