摘要
2017年7月,“债券通”政策上线试运行,意味着我国债券市场进一步对外开放。本文将基于债券市场开放即“债券通”这一事件为研究契机,选取了2015~2019年在债券市场已发行债券的企业,探讨债券市场开放对企业投资规模的影响,研究表明债券市场开放会有效扩大企业的投资规模,其中新增投资随着债券市场的开放而显著增加。
In November 2017, the “Bond Connect” policy was launched for trial operation, which means the further opening of China’s bond market. Based on the opening of the bond market, the “Bond Connect” event, this paper selects the enterprises that have issued bonds in the bond market from 2015 to 2019 to explore the impact of bond market opening on the enterprise investment scale. The research shows that the opening of bond market will effectively expand the investment scale of enterprises, among which the new investment in-creases with the opening of the bond market.
出处
《国际会计前沿》
2020年第4期116-123,共8页
Frontiers of International Accounting
