摘要
商业信用是企业非正式融资行为,其前提是经济主体间具有信任关系。企业所在地区的信任度高低将影响区域内企业的被信任程度、企业商业信用及其模式。货币政策通过信贷机制调控供应链中上游企业的资金流入量,影响其对不同信任度地区内企业的商业信用供给。本文以民营上市公司为样本,研究地区信任、货币政策对企业商业信用行为的影响。研究发现:所在地区信任度越高,企业获得商业信用的可能性越大,且商业信用模式成本越低;当政府采用紧缩的货币政策时,地区信任度对企业商业信用的影响更为显著。
Trade credit is an informal financing method based on trust relationship. The trust level of geographic regions will directly affect enterprises’ trust level, then affect selection of trade credit models. Monetary policy moderates financial resources by credit transmission mechanism, further affects relevance between regional trust and trade credit. This paper chooses listed companies as samples to study how regional trust and monetary policy affect trade credit. We find that: 1) in regions with higher trust level, enterprise will get more trade credit and models with lower transaction cost;2) when government adopts tight monetary policy, the relevance between regional trust and trade credit becomes stronger.
作者
赵鹏
ZHAO Peng(CCT Fund Management Co,Ltd.,Beijig100033)
出处
《财务与金融》
2022年第6期67-73,80,共8页
Accounting and Finance
