金融發(fā)展、政府控制與融資約束
發(fā)布時間:2018-06-04 23:22
本文選題:國有企業(yè) + 政治層級。 參考:《管理評論》2012年05期
【摘要】:本文研究了我國金融市場化程度、政府控制層級及國有企業(yè)融資約束的關(guān)系。通過分析2004-2007年3427家國有上市企業(yè)的數(shù)據(jù)發(fā)現(xiàn),我國國有企業(yè)普遍存在融資約束的問題,但由高級別的政府控制有助于緩解國有企業(yè)的融資約束,研究結(jié)論表明中央政府控制企業(yè)的融資約束低于市級及市級以下地方政府控制的企業(yè)。進一步的研究還發(fā)現(xiàn),金融市場化程度的提高有助于降低政府控制層級對于融資約束的影響。
[Abstract]:This paper studies the relationship among the degree of financial marketization, the level of government control and the financing constraints of state-owned enterprises. By analyzing the data of 3427 state-owned listed enterprises from 2004 to 2007, it is found that there is a general problem of financing constraints in state-owned enterprises in China, but high-level government control is helpful to ease the financing constraints of state-owned enterprises. The research results show that the financing constraints of central government controlled enterprises are lower than those controlled by local governments at or below the city level. Further research also found that the increase of financial marketization can reduce the influence of government control level on financing constraints.
【作者單位】: 電子科技大學(xué)經(jīng)濟與管理學(xué)院;廈門國家會計學(xué)院;
【基金】:國家自然科學(xué)基金青年項目(70802011) 福建省社科項目(2009B2018)
【分類號】:F832;F123;F276.1;F224
【參考文獻】
相關(guān)期刊論文 前10條
1 劉曉輝,張t,
本文編號:1979294
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