公允价值计量、政治关系对借款利率影响
发布时间：2019-01-06 12:13
【摘要】：以2010年至2012年上交所主板市场中的制造业公司为样本,采用层级回归技术对公允价值盈余信息、企业政治关系与企业长期借款利率的关系,进行了多元线性回归分析。实证结果发现:公允价值盈余占比与长期借款利率存在显著正相关;企业政治关系与长期借款利率存在显著负相关,而且企业政治关系会负向调节公允价值盈余占比与企业长期借款利率之间的关系。说明银行在放贷时,会谨慎评估公允价值盈余额的可靠性与偿债能力;企业政治关系的存在,有利于企业融资,直接或间接降低了借款利率。
[Abstract]:Taking the manufacturing companies in the main board market of Shanghai Stock Exchange from 2010 to 2012 as samples, the multivariate linear regression analysis was carried out on the relationship between fair value surplus information, corporate political relationship and long-term borrowing interest rate. The empirical results show that the proportion of fair value surplus is positively correlated with the long-term interest rate. There is a significant negative correlation between the corporate political relationship and the long-term borrowing rate, and the relationship between the proportion of fair value surplus and the long-term borrowing interest rate will be negatively adjusted by the corporate political relationship. It shows that banks will carefully assess the reliability and solvency of fair value earnings balance when lending; the existence of corporate political relations is conducive to corporate financing and directly or indirectly reduces the interest rate on borrowing.
【作者单位】： 衡阳师范学院;
【基金】：衡阳师院校级大学生研究性学习与创新性实验项目(CX1541) 省级大学生研究性学习与创新性实验项目(CX1603)的经费支持
【分类号】：D0;F406.7;F425
，
本文编号：2402775
[Abstract]:Taking the manufacturing companies in the main board market of Shanghai Stock Exchange from 2010 to 2012 as samples, the multivariate linear regression analysis was carried out on the relationship between fair value surplus information, corporate political relationship and long-term borrowing interest rate. The empirical results show that the proportion of fair value surplus is positively correlated with the long-term interest rate. There is a significant negative correlation between the corporate political relationship and the long-term borrowing rate, and the relationship between the proportion of fair value surplus and the long-term borrowing interest rate will be negatively adjusted by the corporate political relationship. It shows that banks will carefully assess the reliability and solvency of fair value earnings balance when lending; the existence of corporate political relations is conducive to corporate financing and directly or indirectly reduces the interest rate on borrowing.
【作者单位】： 衡阳师范学院;
【基金】：衡阳师院校级大学生研究性学习与创新性实验项目(CX1541) 省级大学生研究性学习与创新性实验项目(CX1603)的经费支持
【分类号】：D0;F406.7;F425
，
本文编号：2402775
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