期刊刊名：休閒與運動管理學刊 　 卷期：2期

篇名出版日期：2015年9月1日

作者：Yao Chun Tsao, Shou Che Wu

語言：English

關鍵字：factoring, reverse factoring, fund management, SMEs

被點閱次數：5次

閱讀時間：141sec

摘要：
The culture/design and creative service industry in Taiwan is still in its infancy. The main obstacles for cultural and creative enterprise to access finance, where the share of risk aversion from financial institutions and the difficulty in getting grants accounts. In this study, I survey robust literatures and suggest the culture/design and creative enterprises should use factoring and reverse factoring as their critical fund management. Because factoring allows SMEs to effectively outsource their credit and collection functions to their factor. Especially to international design enterprise, these credit and collection services are often especially important for receivables from buyers located overseas. Also, the main advantage of reverse factoring is that the credit risk is equal to the default risk of the high-quality customer, and not the risky SME. This arrangement allows creditors in developing countries to factor ＂without recourse＂ and provides low-risk financing to high-risk suppliers. To the best of our knowledge, this study is the first paper in Taiwan to assert the usage of factoring and reverse factoring in the culture/design and creative industry.

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