摘要
关于我国融资方式的选择问题 ,长期以来一直存在很大争议。该文作者首先通过对融资方式选择的理论分析得出我国目前应以间接融资方式为主的结论 ;然后通过对直接融资、间接融资及经济增长关系的实证分析 ,进一步验证了这一结论 ;最后 ,在论述融资方式选择问题的基础上得出我国证券市场应定位于辅助银行体系促进经济发展 ,而不应将其作用绝对化的结论。
There has been much argument about the choice of raising-capital model in our country for a long time. The paper, after theoretically analyzing the choice of raising-capital model, comes to a conclusion that indirect raising-capital model should be the major way at present in china which is verified through positive analyses on direct and indirect ways to collect capital and their connection with economic growth. Based on it, the paper points out that securities market in china should be in an auxiliary position to banking sector in promoting economic development and we should not exaggerate its role.
出处
《山西财经大学学报》
北大核心
2001年第5期60-64,共5页
Journal of Shanxi University of Finance and Economics
关键词
融资方式
直接融资
间接融资
证券市场定位
中国
信息成本
raising-capital model
direct way to raise capital
indirect way to raise capital
position of securities market
