【摘要】：以貨幣現(xiàn)金/短期借款、流動資產(chǎn)/流動負債和速動資產(chǎn)/流動負債三個指標度量的流動性風險水平為因變量,以高層管理人員的政治關聯(lián)虛擬變量、管理者內(nèi)部地位水平及政治關聯(lián)虛擬變量與管理者內(nèi)部地位的交乘項為自變量進行OLS回歸,研究發(fā)現(xiàn):具有政治關聯(lián)的民營企業(yè)流動性風險顯著更高;管理者在民營企業(yè)的內(nèi)部地位與其所做決策流動性風險水平顯著正相關;在民營企業(yè)中具有政府背景的管理者占據(jù)更高的管理地位會加劇企業(yè)決策流動性風險。
[Abstract]:Taking the liquidity risk level measured by the three indexes of currency cash / short-term borrowing, current assets / current liabilities and liquid assets / current liabilities as dependent variables, and taking the political association of senior management as virtual variables, The internal status level of managers and the multiplying terms between the virtual variables of political connection and the internal position of managers are independent variables for OLS regression. The results show that: the liquidity risk of private enterprises with political connection is significantly higher; The internal position of managers in private enterprises is significantly positively related to the level of liquidity risk in their decision-making, and the higher management position of managers with government background in private enterprises will aggravate the decision-making liquidity risk of enterprises.
【作者單位】： 河南財政金融學院;
【分類號】：D0;F272.91;F275
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本文編號：2325745