商业研究
商業研究
상업연구
Commercial Research
2015年
6期
138~145
,共null页
国有股权 社会资本 银行融资便利性
國有股權 社會資本 銀行融資便利性
국유고권 사회자본 은행융자편리성
state - owned stock; social capital; the convenience of enterprise financing from ban
本文将民营控股公司中的国有股权视为一种重要的政治关联机制,并以民营控股上市公司为样本,分析国有股权对民营公司获得银行贷款的影响。研究发现国有股权在民营企业中的存在是一种重要的政治关联渠道,对民营企业获得银行贷款具有显著正向影响;伴随社会资本的提高与社会软环境的改善,民营企业在获得信贷资源方面对政治关联依赖的程度会降低。
本文將民營控股公司中的國有股權視為一種重要的政治關聯機製,併以民營控股上市公司為樣本,分析國有股權對民營公司穫得銀行貸款的影響。研究髮現國有股權在民營企業中的存在是一種重要的政治關聯渠道,對民營企業穫得銀行貸款具有顯著正嚮影響;伴隨社會資本的提高與社會軟環境的改善,民營企業在穫得信貸資源方麵對政治關聯依賴的程度會降低。
본문장민영공고공사중적국유고권시위일충중요적정치관련궤제,병이민영공고상시공사위양본,분석국유고권대민영공사획득은행대관적영향。연구발현국유고권재민영기업중적존재시일충중요적정치관련거도,대민영기업획득은행대관구유현저정향영향;반수사회자본적제고여사회연배경적개선,민영기업재획득신대자원방면대정치관련의뢰적정도회강저。
This paper views the state - owned shares in the private holding company as an important political connections mechanism, and analyzes the influence of stated - owned share on private - owned obtaining bank loans by taking private - owned listed companies. The results show state - owned shares in private listed companies is an important political connection channel, and has more advantages to private enterprise in attaining bank loans ; with the improvement of social capital and soft social environment, private enterprises will reduce dependent degree on political connection in terms of attaining credit resources.
