中国上市公司短期债务融资偏好动因解析被引量：5

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摘要短期债务在我国上市公司的债务融资结构中占据着绝对的主导地位。在对短期债务融资的优势与弊端进行理论分析的基础上,实证分析了我国上市公司偏好短期债务融资的动因。实证结果表明,短期债务有提高公司市场价值的作用,这种作用在财务实力强的上市公司表现得更为明显,说明上市公司的这种短期债务融资偏好是上市公司的一种理性选择,商业信用的大量使用则是趋于成本的动因。

作者谭小平

机构地区暨南大学管理学院

出处《暨南学报（哲学社会科学版）》 CSSCI 北大核心 2007年第5期39-48,共10页 Jinan Journal(Philosophy and Social Sciences)

基金暨南大学2005年引进人才项目(批准号:51105642)

关键词短期债务短期借款商业信用市场价值债务成本

分类号 F830.9 [经济管理—金融学]

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