激进策略、短贷长投与非理性短期借款

发布时间：2018-01-15 11:41

本文关键词：激进策略、短贷长投与非理性短期借款　出处：《工业技术经济》2017年09期 　论文类型：期刊论文

【摘要】：以2008~2015年A股上市公司为样本,经测算发现:平均每年约有32.95%的上市公司存在非理性短期借款行为。实证分析表明,非理性短期借款主要用于企业长期投资,即"短贷长投",这不仅给金融机构流动资金贷款管理带来了挑战,而且提高了金融系统的潜在风险。进一步分析表明,短贷长投的主因并非实务界公认的金融制度缺陷,而是企业采取了过于激进的融资策略,因此对短贷长投的治理要"疏"、"堵"结合。
[Abstract]:Taking A-share listed companies from 2008 to 2015 as a sample, it is found that about 32.95% of the listed companies have irrational short-term borrowing behavior each year. Irrational short-term borrowing is mainly used for long-term investment of enterprises, that is, "short loan and long investment", which not only brings challenges to the liquidity loan management of financial institutions. Further analysis shows that the main reason of short loan and long investment is not the financial system defects that are recognized by the practical circles, but the enterprises have adopted too radical financing strategy. Therefore, the management of short-term long-term investment should be "sparse", "blocking" combination.
【作者单位】：北京林业大学经济管理学院;
【基金】：中央高校基本科研业务费专项资金资助项目(项目编号:RW2015-21)
【分类号】：F832.4;F832.51
【正文快照】： 引言中国银行业监督管理委员会于2010年2月颁布的《流动资金贷款管理暂行办法》(银监会令2010年1号)规定贷款人应合理测算借款人营运资金需求,不得超过其实际需求发放流动资金贷款,并附流动资金需求测算方法供银行参考,但具体实施中,众多政策执行者发现该方法测算结果并不准确

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