CAJ | 학술논문

从供给视角，选取2008—2012年我国 A 股上市公司数据，采用面板数据模型进行实证研究，得到以下结论：企业规模、借款比例和企业提供的商业信用之间存在 U 型二次曲线函数关系，而商业信用需求与供给之间是倒U 型二次曲线关系。货币政策越宽松，企业商业信用需求越低，商业信用供给越多；地区信任度越高，商业信用需求越大，商业信用供给也越多。此外，将样本按照地区不同划分子样本再次检验并加以对比，因地区发展情况的不同，结论略有不同。
종공급시각，선취2008—2012년아국 A 고상시공사수거，채용면판수거모형진행실증연구，득도이하결론：기업규모、차관비례화기업제공적상업신용지간존재 U 형이차곡선함수관계，이상업신용수구여공급지간시도U 형이차곡선관계。화폐정책월관송，기업상업신용수구월저，상업신용공급월다；지구신임도월고，상업신용수구월대，상업신용공급야월다。차외，장양본안조지구불동화분자양본재차검험병가이대비，인지구발전정황적불동，결론략유불동。
An empirical research is made from the perspective of supply, by selecting the data of China’s A-share listed companies in the year of 2008 to 2012 and using panel data model. The conclusions are as follows. There is U-shaped two time function relationship between corporate size, borrowing proportion and business credit offer by the enterprises; and there’s an inverted U-shaped relationship between commercial credit demand and supply. The more relaxed the monetary policy, the less commercial credit demand is, and the more commercial credit supply is; and the higher regional trust level, the more commercial credit demand is, and the more commercial credit supply is. Besides, we also classified the samples into sub-samples according to different regions, retested them and compared with each other, and found that the conclusions are different because of different regional developments.