兰州大学学报：社会科学版
蘭州大學學報：社會科學版
란주대학학보：사회과학판
Journal of Lanzhor University(Social Sciences)
2015年
2期
112~119
,共null页
金融生态环境 银行融资 过度投资 投资不足
金融生態環境 銀行融資 過度投資 投資不足
금융생태배경 은행융자 과도투자 투자불족
financial ecological environment; bank financing; overinvestment of private enterprise; underinvestment of private enterprise
基于金融生态环境这一新视角,研究金融生态环境、银行融资和民企投资之间的关系。利用上市民企2006-2010年的经验数据,将民企投资细分为总投资、固定资产投资和无形资产投资三种情况分别进行实证检验。研究结果表明：在这三种情况中,银行融资与民企投资过度/投资不足之间存在负/正相关性。并且在金融生态环境较好的地区,公司的过度投资/投资不足与银行融资的相关性会增强。这意味着金融生态环境建设有利于公司投融资,进而提高上市民企质量。
基于金融生態環境這一新視角,研究金融生態環境、銀行融資和民企投資之間的關繫。利用上市民企2006-2010年的經驗數據,將民企投資細分為總投資、固定資產投資和無形資產投資三種情況分彆進行實證檢驗。研究結果錶明：在這三種情況中,銀行融資與民企投資過度/投資不足之間存在負/正相關性。併且在金融生態環境較好的地區,公司的過度投資/投資不足與銀行融資的相關性會增彊。這意味著金融生態環境建設有利于公司投融資,進而提高上市民企質量。
기우금융생태배경저일신시각,연구금융생태배경、은행융자화민기투자지간적관계。이용상시민기2006-2010년적경험수거,장민기투자세분위총투자、고정자산투자화무형자산투자삼충정황분별진행실증검험。연구결과표명：재저삼충정황중,은행융자여민기투자과도/투자불족지간존재부/정상관성。병차재금융생태배경교호적지구,공사적과도투자/투자불족여은행융자적상관성회증강。저의미착금융생태배경건설유리우공사투융자,진이제고상시민기질량。
Based on the perspective of financial ecological environment, this paper studies the relationship among financial ecological environment, bank financing, and investment of private enterprises. By using the data of listed private enterprises in 2006-2010 as samples, this paper subdivides the investment of private enterprises into total investment, investment in fixed assets, and investment in intangible assets; further research has been done. The results show that in terms of the above three dimensions, positive/negative co-relationship exists between bank financing and overinvestment/underinvestment of private enterprises, and this co-relationship will increase in regions with better financial ecological environment. This means that the construction of financial ecological environment benefits the investment and financing of private enterprises; it also helps improve the quality of the listed private enterprises.
