本文旨在探討借款人的財務結構與貸款人的授信額度之間的關聯性。 首先虛擬一經營農場之借款人，為其設定5種不同的財務結構，據以設計問卷， 蒐集農會對借款農民所回應之放款額度，並導入代表授信者屬性之變數，以建構 兩端受限Tobit迴歸分析模式，作為實證分析授信額度之依據。利用最大概似法 估計Tobit迴歸分析模式之參數，再依概似比檢定進行統計推論，實證分析結果 發現，代表借款人信用準備或財務結構之農場淨值、預期現金流量、流動比率、 槓桿比率等4項財務變數，以及代表授信者屬性之性別、授信經驗、存放款比率 等3項變數，對全體受測貸款人授信額度之決定，均具有統計上的顯著影響效 果，同時皆為授信決策之重要決定因素。不同屬性貸款人形成的群組之間，其授 信額度受到7項決策變數之影響程度，在統計上皆有顯著的差異存在；惟槓桿比 率對寬鬆組與保守組之影響程度並不顯著，存放款比率對總幹事組與放款承辦人 組、女性組與男性組以及寬鬆組之影響程度亦不顯著，換言之，當各該群組內之 貸款決策者在進行客戶信用分析與決定授信額度之際，存放款比率或槓桿比率並 非其重要的決策因素。

　　　　　This study is to explore the relationship between borrower's financial position and the amount of loan approved by the Farmers' Association Credit System (FACS) in Taiwan. The questionnaire was designed with a simulated borrowing experiment to collect the data from the FACS. The results of analyzing these surveyed data indicated that the surveyed lenders were responsive, in terms of the amount of the loan approved, to the difference in borrower's financial position. A two-limit Tobit model was constructed because of considering the doubly truncated nature of the dependent variable, the amount of loan granted. Empirical results estimated by maximum likelihood method showed that characteristics of the given loan application as well as attributes of the individual lender and lending institution considering the loan were the major determinants of the grants of credit. The different granted amounts of credit between the lender groups separated by attributes of individual lender and lending institution were found to be significant by using a chi-square test.