CAJ | 학술논문

什么因素决定了企业的融资行为是财务理论界的一个“谜”，大量文献表明，为了解开这个“谜”，学者们主要研究了企业内部微观因素对其融资行为的影响，对外部宏观因素的影响研究较少，尤其是研究国家货币政策对企业融资行为的影响更少。事实上，货币政策对企业的融资行为有重要影响，而这种影响需要畅通的传导机制来发挥作用。本文对目前关于货币政策影响企业融资行为的传导机制，以及影响这种传导机制的影响因素的国内研究成果进行了梳理，希望为该主题的研究提供有益的帮助。
십요인소결정료기업적융자행위시재무이론계적일개“미”，대량문헌표명，위료해개저개“미”，학자문주요연구료기업내부미관인소대기융자행위적영향，대외부굉관인소적영향연구교소，우기시연구국가화폐정책대기업융자행위적영향경소。사실상，화폐정책대기업적융자행위유중요영향，이저충영향수요창통적전도궤제래발휘작용。본문대목전관우화폐정책영향기업융자행위적전도궤제，이급영향저충전도궤제적영향인소적국내연구성과진행료소리，희망위해주제적연구제공유익적방조。
In the financial theoretic research , it is a mystery that what determines the financial behavior of enterpri-ses.A large number of literatures show that , in order to solve the "mystery", research scholars focus their attention on the effects of internal micro-factors on the financial behavior when they study the effects of external macro-fac-tors, especially the monetary policy of a state .In fact, monetary policy has a significant effect on financing behavior of enterprises , only through a smooth monetary transmission mechanism can it plays its rule in practice. In this arti-cle, the domestic research achievements on monetary transmission mechanism between monetary policy and finan -cing behavior of enterprises , as well as the factors that influence monetary transmission mechanism are summarized for providing an useful reference for the research on this topic .