新破产法对商业信用发挥破产威胁效应的影响
发布时间：2019-05-13 18:37
【摘要】：以沪深两市A股上市公司2003—2013年数据为研究样本,构建相关模型,采用分阶段回归、单差分和双差分方法,实证检验新破产法实施对商业信用发挥破产威胁效应的影响。研究发现,新破产法实施之前,商业信用难以发挥破产威胁效应,而新破产法实施以后,商业信用能够发挥破产威胁效应,即新破产法实施能够改善商业信用难以发挥破产威胁效应的局面。
[Abstract]:Taking the data of A-share listed companies in Shanghai and Shenzhen stock markets from 2003 to 2013 as the research samples, the related models are constructed, and the effects of the implementation of the new bankruptcy law on the bankruptcy threat effect of commercial credit are empirically tested by using the methods of phased regression, single difference and double difference. It is found that before the implementation of the new bankruptcy law, it is difficult for commercial credit to give full play to the bankruptcy threat effect, while after the implementation of the new bankruptcy law, commercial credit can give full play to the bankruptcy threat effect. That is, the implementation of the new bankruptcy law can improve the situation that commercial credit is difficult to play the role of bankruptcy threat.
【作者单位】： 郑州航空工业管理学院会计学院;
【基金】：国家社会科学基金项目“货币政策传导效应中的社会资本作用机理研究”(14BGL037)
【分类号】：D922.291.92;F275
，
本文编号：2476099
[Abstract]:Taking the data of A-share listed companies in Shanghai and Shenzhen stock markets from 2003 to 2013 as the research samples, the related models are constructed, and the effects of the implementation of the new bankruptcy law on the bankruptcy threat effect of commercial credit are empirically tested by using the methods of phased regression, single difference and double difference. It is found that before the implementation of the new bankruptcy law, it is difficult for commercial credit to give full play to the bankruptcy threat effect, while after the implementation of the new bankruptcy law, commercial credit can give full play to the bankruptcy threat effect. That is, the implementation of the new bankruptcy law can improve the situation that commercial credit is difficult to play the role of bankruptcy threat.
【作者单位】： 郑州航空工业管理学院会计学院;
【基金】：国家社会科学基金项目“货币政策传导效应中的社会资本作用机理研究”(14BGL037)
【分类号】：D922.291.92;F275
，
本文编号：2476099
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