CAJ | 학술논문

近几年来,委托贷款业务成为许多上市公司投资理财的新途径。在资金紧缺的环境下,上市公司尤其是实体产业上市公司这种＂不务正业＂的行为引起了各方关注。以＂放贷＂的上市公司为样本,进行实证分析,研究结果表明上市公司从事委托贷款业务时存在短期行为,未能充分考虑公司的长远发展,在追逐高额利润的过程中存在一定的盲目性。
근궤년래,위탁대관업무성위허다상시공사투자리재적신도경。재자금긴결적배경하,상시공사우기시실체산업상시공사저충＂불무정업＂적행위인기료각방관주。이＂방대＂적상시공사위양본,진행실증분석,연구결과표명상시공사종사위탁대관업무시존재단기행위,미능충분고필공사적장원발전,재추축고액리윤적과정중존재일정적맹목성。
This paper discussed the motivation for the entrusted loan of the listed companies based on running irrelevant business,mainly from three perspectives—the entrusted loan interest rates,the basic features of the listed companies and stock market environment.The paper also selected the profitability,growth and liabilities of the financing capacity as the basic features of the listed companies.The results showed that the listed company engaged in the entrusted loan business in order to obtain the high profits.However,they failed to consider the companies sustainable development comprehensively,which proved a certain blindness of the listed companies in the process of chasing excessive profits.