基于转轨经济的债务期限结构宏观影响因素研究
DOI:
作者:
作者单位:

作者简介:

通讯作者:

基金项目:


Research into Macro-influential Factors of Debt Maturity Structure Based on Transitional Economy
Author:
Affiliation:

Fund Project:

  • 摘要
  • |
  • 图/表
  • |
  • 访问统计
  • |
  • 参考文献
  • |
  • 相似文献
  • |
  • 引证文献
  • |
  • 资源附件
    摘要:

    根据交易成本理论和预期理论,对我国的经济发展水平、通货膨胀、货币供应量、宏观税负等经济总量指标与企业债务期限结构的关系进行经验检验,结果表明:通货膨胀率、国内生产总值增长率和货币供应量均与债务期限呈负相关关系,宏观税负与债务期限正相关,而且相关性都很显著。可见在转轨经济时期,我国上市公司的债务期限除受企业规模、资产期限、成长性等企业内部特征影响外,受宏观经济因素的影响也很显著。

    Abstract:

    Under the guidance of transaction cost theory and prediction theory,this paper makes experience test on the relationship between inflation,currency supply quantity,macro-tax,and enterprise debt maturity structure.The results indicate that there is negative relation between inflation rate,gross domestic production and currency supply quantity and debt maturity while it is positively correlated between macro-tax and debt maturity and its correlation is obvious.The conclusion is arrived at based on this that,during transitional economic period,the debt maturity of China's listed companies is not only influenced by inner characteristics such as enterprise scale,asset maturity and growth and so on but also by macro-economic factors obviously.

    参考文献
    相似文献
    引证文献
引用本文
分享
文章指标
  • 点击次数:
  • 下载次数:
历史
  • 收稿日期:
  • 最后修改日期:
  • 录用日期:
  • 在线发布日期: