摘要
本文基于主要国家贸易信贷统计数据,通过构建动态面板数据回归模型,从宏观视角分析了影响贸易信贷变化趋势的经济因素,从微观视角研究了影响我国企业贸易信贷行为特点的主要因素。研究结果显示:工业产值增长,导致当期对外资产和负债规模扩大;批发零售业产值增长,导致当期资产规模减小。微观市场主体的贸易信贷行为存在趋同性,可能引发群体性资产负债配置失衡,增加政策管理的难度。最后就如何加强我国贸易信贷管理提出政策建议。
Based on the international trade credit data of major countries,this paper analyzes the main factors influencing the trend of trade credit by constructing a dynamic panel regression model,and further analyzes the characteristics of trade credit behavior of Chinese enterprises from a micro perspective.The regression results show that:the growth of industrial output value affects the expansion of external assets and liabilities;the growth of wholesale and retail output value affects the reduction of asset balance.The trade credit behavior of market subjects tends to be the same,which may lead to the imbalance of group asset liability allocation and increase the difficulty of policy management.Finally,some policy suggestions are put forward to strengthen trade credit management.
出处
《投资研究》
CSSCI
北大核心
2019年第12期25-35,共11页
Review of Investment Studies
关键词
贸易信贷
影响机制
行为分析
Trade Credit
Influence Mechanism
Behavior Analysis
