本研究旨在探討資產證券化創始機構使用外部信用增強方式
時，選擇信用保險公司之關鍵因素。
首先利用文獻回顧找出選擇因素五項主準則，分別為(1)公司
治理(2)財務狀況(3)信用風險(4)合作經驗與(5)價格，再細分為十三
項次準則。然後使用模糊德爾菲法專家問卷(fuzzy delphi
method)，請金融業資深專業人員填答檢視由文獻回顧所提出之五
主準則與十三項次準則是否合適。再利用層級分析法專家問卷
(analytic hierarchy process)，利用兩兩相比較方式計算出主準則與
次準則之權重。
本研究結果發現，價格次準則與財務狀況主準則權重分數最
高，可做為未來發行商、投資者和政府機關判斷之依據。
This study of the originators of the asset securitization in the use of external credit
enhancement mode, select the credit insurance company.
First use literature review to identify the five main criteria: 1. corporate governance;
2. financial condition; 3. credit risk; 4. cooperative experience; 5. price. Later
subdivision for thirteen item. And use of members of the finance for fuzzy delphi
method test the five main criteria and thirteen sub criteria turn or fault. And then use par
comparison for Analytic Hierarchy Process, calculate other main criteria weights and
sub criteria weights.
The results of this study found that the price criteria and maximum dimensions of
the financial position of the weight fraction, the basis of the judgment can be used as the
future of issuers, investors and government agencies.
