摘要
以2007-2014年A股主板上市公司为样本,实证检验了企业融资需求与银行信贷可得性之间的关系,以及金融服务对这种关系的影响。研究发现,企业融资需求与银行信贷可得性之间存在负向关系,金融服务对这种负向关系具有显著的改善作用。对成长性企业和不同产权性质的高成长性企业的进一步分析发现,成长性企业以及高成长性民营企业融资需求与银行信贷可得性之间的负向关系更显著,金融服务对缓解这种负向关系作用明显。
Taking A-share listed companies from 2007 to 2014 as sample, this paper tests the relationship between corporate finance demand and bank access to credit, then tests the impact of financial services on this relationship. The paper finds that there is a negative relationship between corporate financing demand and bank access to credit, and financial services have a significant effect on this negative relationship. Further testing about high companies with growth profitability and companies with high growth profitability and different property rights, this paper finds that the negative relationship between financing demand and bank access to credit is more significant during companies with growth profitability and non-state owned companies with high growth profitability, and financial services have a significant effect on this negative relationship.
出处
《山西财经大学学报》
CSSCI
北大核心
2016年第9期39-52,共14页
Journal of Shanxi University of Finance and Economics
基金
教育部人文社会科学研究项目(15YJA630026)
山东省社会科学规划研究项目(15CGLJ20)
关键词
融资需求
成长性
金融服务
银行信贷可得性
产权性质
financing demand
growth profitability
financial services
bank access to credit
property right
