CAJ | 학술논문

本文选取我国3843家制造业非上市公司2001～2005年面板数据，以委托代理理论为基础实证分析企业财产保险行为对债务期限结构选择的影响。研究结果表明，企业债务期限随其购买财产保险比率的增加而延长。本文分析认为，当利率不能准确反映银行承担的信用风险，司法体系不能保证契约得以有效执行时，保险监控和风险管理服务是一种重要替代机制。加强保险监控及风险管理服务创新，实现保险市场与资本市场的良性互动，是金融体系演进的大趋势，也是突破保险与资本市场发展困境的重要策略。
본문선취아국3843가제조업비상시공사2001～2005년면판수거，이위탁대리이론위기출실증분석기업재산보험행위대채무기한결구선택적영향。연구결과표명，기업채무기한수기구매재산보험비솔적증가이연장。본문분석인위，당리솔불능준학반영은행승담적신용풍험，사법체계불능보증계약득이유효집행시，보험감공화풍험관리복무시일충중요체대궤제。가강보험감공급풍험관리복무창신，실현보험시장여자본시장적량성호동，시금융체계연진적대추세，야시돌파보험여자본시장발전곤경적중요책략。
Using panel data set （2001 -2005） for 3843 non-publicly listed manufacturing companies in the People＇s Republic of China （PRC） , this article has analyzed corporate property insurance and debt maturity structure. The research outcomes show that corporate debt mattirity extended with the purchase of property insurance increased. This paper analyzes the view that when the interest rate does not accurately reflect the credit risk incurred by the banks, the judicial system can not guarantee the effective enforcement of contracts, the insurance monitoring and risk management service is an important alternative mechanism. Strengthening the insurance monitoring and risk management service innovation to achieve the insurance market and capital market interaction is the major trend of the evolution of the financial system, but also break through the insurance and capital market development in the plight of win-win strategy.