可抵押资产、社会网络与商业信用

发布时间：2018-02-11 13:36

本文关键词： 商业信用社会网络可抵押资产　出处：《南开管理评论》2017年03期 　论文类型：期刊论文

【摘要】：本文以我国A股非金融业上市公司2004—2013年间的数据为样本,考察了可抵押资产、高管社会网络在商业信用交易中的作用及其交互影响。研究发现,企业拥有的可抵押资产价值对获取商业信用有显著的正向影响;随着高管社会网络中心度的提高,可抵押资产对商业信用获取的正向作用减弱;并且上述效应在市场化程度较低的地区更加显著。总之,本研究表明,可抵押资产有助于企业获取商业信用,企业有形的可抵押资产和无形的高管社会网络之间存在替代关系,两者在商业信用交易中都具有重要的治理作用。
[Abstract]:Based on the data of China's A-share non-financial listed companies from 2004 to 2013, this paper examines the role and interaction of mortgaged assets and social networks of executives in business credit transactions. The value of mortgaged assets owned by enterprises has a significant positive impact on obtaining commercial credit, and the positive effect of mortgaged assets on the acquisition of commercial credit weakens with the increase of the social network centrality of executives. And the above effects are more significant in the areas with lower marketization. In a word, this study shows that mortgaged assets can help enterprises to obtain business credit, and there is a substitute relationship between tangible mortgaged assets and intangible social networks of executives. Both in commercial credit transactions have an important governance role.
【作者单位】：上海财经大学会计学院;上海财经大学会计与财务研究院;上海财经大学学术委员会;
【基金】：国家自然科学基金项目(71372042) 教育部人文社会科学重点研究基地重大项目(15JJD630007)资助
【分类号】：F275;F832.51

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