公司超额银行借款与诉讼风险

发布时间：2018-08-08 16:52

【摘要】：公司诉讼风险的影响因素已得到学术界的广泛关注,但目前的研究较少从公司融资行为角度探讨,本文以2003-2015年中国A股上市公司为研究对象,探讨超额银行借款与公司诉讼风险之间的关系.实证研究发现,公司超额银行借款与诉讼风险存在显著正相关关系,公司内部控制水平的提高以及地区法律环境的改善可以显著弱化二者的正相关关系,并且公司内部控制与地区法律环境在弱化公司超额银行借款引起的诉讼风险过程中存在相互替代的关系.本文从公司超额银行借款行为出发,拓展了公司诉讼风险影响因素的研究视角;同时结合内部控制和地区法律环境,丰富了宏观环境对公司微观主体行为影响的研究.
[Abstract]:The influencing factors of corporate litigation risk have been widely concerned by academic circles, but the current research is less from the perspective of corporate financing behavior. This paper takes China A-share listed companies from 2003-2015 as the research object. This paper discusses the relationship between excess bank borrowing and corporate litigation risk. The empirical study shows that there is a significant positive correlation between excess bank borrowing and litigation risk, and the improvement of corporate internal control level and the improvement of regional legal environment can significantly weaken the positive correlation between the two. And the internal control of the company and the regional legal environment in the process of weakening the litigation risk caused by excess bank loans exist mutual substitution. From the perspective of excess bank borrowing, this paper expands the perspective of influencing factors of corporate litigation risk, and enriches the research on the influence of macro environment on the microcosmic behavior of the company by combining internal control and regional legal environment.
【作者单位】：北京航空航天大学经济管理学院;北京理工大学管理与经济学院;
【基金】：国家自然科学基金(71372015,71572007,71672007,71772011)~~
【分类号】：D922.281;F275;F832.4

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