本研究探討企業組織資本的投入如何影響銀行放款的契約，研究資料利用美國1985年至2016年期間上市公司作為研究對象。本研究透過不同的銀行放款契約相關的變數分析組織資本的影響，其中銀行放款變數包括放款利率、放款到期日、擔保品、一般合約數以及財務合約數。研究結果發現組織資本投入越多，能降低銀行放款利率、擔保品以及一般合約數，此結果亦由多項穩健性檢定所支持。本研究更進一步探討管理者特性的影響，結果發現當公司中的管理者能力愈好且投入愈多的組織資本，將使銀行願意提供較低的放款成本。

This study investigates the impact of organization capital on the bank loan contracts, using the data of the U.S. listed companies (1985-2016). This study explores the impact of organizational capital through the different variables related to bank loan contracts. Among them, bank loan variables include bank loan spread, loan maturity date, security, number of general contracts, and number of financial contracts. This study shows that a higher organization capital is associated with lower bank loan spread, security, and general covenants. Further robustness checks support these empirical results. We also confirm that higher organization capitals can reduce bank loan spreads when firms have better managerial abilities.