[1]秦社华,汤颖梅.金融发展、银企关系与企业债务期限结构[J].常州大学学报(社会科学版),2014,15(05):39-43.[doi:10.3969/j.issn.2095-042X.2014.05.010]
　QIN She-hua,TANG Ying-mei.Financial Development, Banks and Enterprises 〖JZ〗Relationships and Debt Maturity Structure[J].Journal of Changzhou University(Social Science Edition),2014,15(05):39-43.[doi:10.3969/j.issn.2095-042X.2014.05.010]
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金融发展、银企关系与企业债务期限结构()
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常州大学学报(社会科学版)[ISSN:2095-042X/CN:32-1821/C]

卷:
第15卷
期数:
2014年05期
页码:
39-43
栏目:
管理学研究
出版日期:
2014-10-31

文章信息/Info

Title:
Financial Development, Banks and Enterprises 〖JZ〗Relationships and Debt Maturity Structure
作者:
秦社华1; 2; 汤颖梅2
1.南京工业职业技术学院 经济管理学院,江苏 南京 210023；2.南京农业大学 金融学院，江苏 南京 210095
Author(s):
QIN She-hua1; 2;  TANG Ying-mei2
1.Nanjing Institute of Industry Technology, Nanjing,210024; 2.College of Finance, Nanjing Agricultural University, Nanjing 210095,China
关键词:
金融发展; 银企关系; 债务期限结构
Keywords:
financial development;  bank and enterprise relationship;  debt maturity structure
分类号:
F276.6
DOI:
10.3969/j.issn.2095-042X.2014.05.010
文献标志码:
A
摘要:
由于历史与现实的原因，我国不同地区金融市场的发育程度存在较大差异，在金融市场欠发达地区，商业银行在信贷资金分配时，除了关注企业的资产与抵押品状况，“银企关系”也成为影响企业获得信贷资金、安排债务结构的主要因素。以2004—2011年中国沪深两市所有非金融类A股上市公司为样本，对金融发展水平、银企关系与企业债务期限结构之间的关系进行实证检验，研究结果表明：金融发展水平与长期债务比例呈负相关关系；银企关系与长期债务比例呈正相关关系，关系可以打破原有的融资约束，为企业带来更多的长期贷款资源；金融市场发展削弱了银
Abstract:
Due to historical and practical reasons, there is a big difference among financial market development level in different regions of China. In the underdeveloped areas, while commercial banks allocating credit funds, their concerns are not only corporate assets and collateral status, but also banks and enterprises relationships which will influence enterprise access to credit funds, arrangement of the main factors of debt structure.In this paper, an empirical demonstration on the relationship between finance development, banks and enterprises relationships and Debt maturity structure were conducted based on all the non-financial stock A companies in Shanghai and Shenzhen stock market between 2004 and 2011. Results showed that: finance development was negatively correlated with the funded debt; banks and enterprises relationships was positively correlated with the funded debt, the relation could break the original financing constraints and bring more long-term loan sources for the emprises; the development of financial market weakened the effect of banks and enterprises relationships and the enterprises could obtain loans they need in regular ways.

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备注/Memo

备注/Memo:
作者简介：秦社华（1971—），女，江苏南京人，博士研究生，副教授，主要从事农村金融、经济管理研究。汤颖梅(1971—)，女，江苏南京人，博士，副教授，主要从事会计、财务管理研究。 基金项目：教育部人文社会科学研究规划基金项目（09YJC630121）；教育部人文社会科学研究青年基金项目（11YJC790163）；江苏省教育厅高校哲学社会科学基金指导项目（2013SJB790030）。
更新日期/Last Update: 2014-09-25