本研究主要探討舉債公司是否被供應鏈會計師查核與債務契約條件之關聯性。本研究選自2000年至2010年有發行私債之台灣上市公司。實證結果發現：第一、供應鏈會計師查核簽證下，對貸款利率與財務條款數沒有影響；第二、供應鏈會計師查核簽證下，銀行要求較多的擔保品；第三、供應鏈會計師查核簽證下，銀行訂定較短的貸款到期日。第四、將供應鏈會計師事務所層級延伸至會計師層級，結果大致相同。本研究結果隱含銀行債務契約中非價格條款(擔保品及貸款到期日)受到舉債公司是否為同一供應鏈會計師影響。

The study examines the association between auditors’ supply chain knowledge and loan contractual terms. Using the sample from Taiwan listed firms during years 2000 to 2010. The empirical findings indicate that, first, auditors’ supply chain knowledge do not effect interest spreads and the usage of financial covenants. Second, compared to auditors without supply chain knowledge, auditors’ supply chain knowledge leads to collateral requirements and shorter maturity. Third, if the auditor quality of supply chain auditor is proxied by the partner level, results are mostly remain the same, except for maturity. Overall, these findings imply that auditors’ supply chain knowledge significant influence non-price terms of syndicated loans.

壹、緒論 1
貳、文獻回顧與假說發展 5
一、供應鏈會計師 5
二、銀行債務契約 6
三、假說發展 8
參、研究設計 13
一、模型設計 13
二、資料來源與樣本 14
肆、實證結果 17
一、敘述性統計 17
二、實證模型之迴歸結果 17
伍、進一步分析 21
陸、結論 23
參考文獻 25

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