摘要
本文以我国A股上市公司2006—2015年间的数据为样本,探究产业政策对商业信用的影响,并就市场竞争对二者关系的影响进行探讨。研究发现:相对未受产业政策支持的企业,受产业政策支持的企业能获得更多的商业信用融资;并且市场竞争程度越高,产业政策提高商业信用融资的作用越大。本文的研究结论对产业政策的资源配置和实施效果具有重要的现实启示。
This paper uses the data of Chinese A-share listed companies from 2006 to 2015 as a sample to explore the impact of industrial policies on commercial credit and discusses the impact of market competition on the relationship between the two.The study finds that relative to enterprises not supported by industrial policies,enterprises supported by industrial policies can obtain more commercial credit financing and the higher the degree of market competition is,the greater the role of industrial policies is in raising commercial credit financing.The conclusions of this paper have important practical implications for resource allocation and implementation of industrial policies.
作者
王光明
才国伟
WANG Guangming;CAI Guowei
出处
《上海立信会计金融学院学报》
2018年第6期5-15,共11页
Journal of Shanghai Lixin University of Accounting and Finance
基金
国家自然科学基金面上项目"基于企业间委托贷款的非正规金融研究:制度环境
运作机理和经济效应"(批准号:71473091)
国家自然科学基金面上项目"经济增长目标管理的机制及绩效研究"(71673310)的研究成果
关键词
产业政策
市场竞争
商业信用
Industrial policy
Market competition
Commercial credit
