【摘要】：以2010年至2012年上交所主板市場中的制造業(yè)公司為樣本,采用層級回歸技術(shù)對公允價值盈余信息、企業(yè)政治關(guān)系與企業(yè)長期借款利率的關(guān)系,進行了多元線性回歸分析。實證結(jié)果發(fā)現(xiàn):公允價值盈余占比與長期借款利率存在顯著正相關(guān);企業(yè)政治關(guān)系與長期借款利率存在顯著負相關(guān),而且企業(yè)政治關(guān)系會負向調(diào)節(jié)公允價值盈余占比與企業(yè)長期借款利率之間的關(guān)系。說明銀行在放貸時,會謹慎評估公允價值盈余額的可靠性與償債能力;企業(yè)政治關(guān)系的存在,有利于企業(yè)融資,直接或間接降低了借款利率。
[Abstract]:Taking the manufacturing companies in the main board market of Shanghai Stock Exchange from 2010 to 2012 as samples, the multivariate linear regression analysis was carried out on the relationship between fair value surplus information, corporate political relationship and long-term borrowing interest rate. The empirical results show that the proportion of fair value surplus is positively correlated with the long-term interest rate. There is a significant negative correlation between the corporate political relationship and the long-term borrowing rate, and the relationship between the proportion of fair value surplus and the long-term borrowing interest rate will be negatively adjusted by the corporate political relationship. It shows that banks will carefully assess the reliability and solvency of fair value earnings balance when lending; the existence of corporate political relations is conducive to corporate financing and directly or indirectly reduces the interest rate on borrowing.
【作者單位】： 衡陽師范學(xué)院;
【基金】：衡陽師院校級大學(xué)生研究性學(xué)習(xí)與創(chuàng)新性實驗項目(CX1541) 省級大學(xué)生研究性學(xué)習(xí)與創(chuàng)新性實驗項目(CX1603)的經(jīng)費支持
【分類號】：D0;F406.7;F425
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本文編號：2402775