摘要
通过对我国12年的信贷规模、企业债券与股票融资的数据,运用移动平均法进行长期趋势分析,发现我国银行信贷占据绝对优势地位,其次是股票融资,最后才是债券融资。得出我国的资本结构和融资变化主要受市场和国家政策的影响而变化。
Studying the data of credit quota, enterprise bonds and equity financing in 12 years of China, this paper made analysis for the secular trend with Moving Average Method. It＇ s found that bank credit held absolute dominant position in China, equity financing in the next place, and bond financing in the last. It can be concluded that the capital structure and financing preference is mainly affected by the market and national policies.
出处
《广西财经学院学报》
2010年第2期51-54,共4页
Journal of Guangxi University of Finance and Economics
关键词
资本结构
融资偏好
长期趋势分析
移动平均法
capital structure
financing preference
secular trend analysis
Moving Average Method
