金融危机、产权背景与企业商业信用利用

发布时间：2018-06-22 22:54

本文选题：金融危机 + 产权背景　；参考：《西南财经大学》2014年硕士论文

【摘要】：改革开放以来,我国经济快速发展,商业信用作为信用体系的重要组成部分,在我国经济发展中发挥着越来越重要的作用。不同产权背景与不同的经济环境对商业信用行为有着重要的影响,而这两种因素对企业商业信用的利用的影响可能会有所不同。本文以国有企业和民营企业为研究对象,通过对比金融危机前后上市公司的数据,探讨产权背景与经济环境对企业商业信用利用程度的影响。本文共分为五个章节,主要的研究思路和框架如下：第一章是导论部分。本章叙述企业对商业信用利用的研究背景以及研究意义,说明研究的动机与目的,介绍研究所使用的方法。第二章为文献综述。本章分别从三个方面总结了以前学者有关于商业信用的研究文献,主要包括国外学者研究的影响商业信用的内部因素和外部环境以及国内学者有关商业信用的零散研究,并做出了评价。第三章为相关的理论基础。主要包括商业信用的存在动机理论、融资性动机、经营性动机以及对于不同产权背景、不同经济环境对我国企业商业信用利用的影响分析。第四章为实证检验。本章对我国上市企业在不同产权背景和不同经济环境下利用商业信用的程度进行了统计性描述以及多元回归分析,得出了相应的结论并进行了分析探讨。第五章为结论与建议。本章根据前文的分析和实证,对结论进行了一个归纳和总结,并对与研究中所发现的问题提出了一些建议。由于以前的相关文献以及研究多集中在关于商业信用的存在性动机研究或者商业信用影响因素分析,而本文将研究重点放在不同产权背景与经济环境下企业商业信用利用的程度的差异分析上,通过对不同上市公司的商业信用净利用度进行实证研究,得出了以下结论：在日常经营中,国有企业会提供更多的商业信用,而民营企业使用更多的商业信用；从金融危机前期到中期,国有企业和民营企业对商业信用的利用都会呈现出减少趋势；然而从金融危机中期到后期,国有企业和民营企业对商业信用的利用趋势可能都不会出现明显的变化；通过回归分析,我们还发现金融危机对企业利用商业信用的影响不如产权背景对其的影响大。本文研究存在的不足主要有两点：第一是样本数据仅仅只是选择了上市公司的财务数据,而对于非上市公司的数据没有纳入考虑,而我国企业还有很多都是非上市公司,因此结果不足以说明我国所有企业的情况。第二点,本文采用的是应收账款和应付账款的差额除以营业收入来衡量对商业信用的利用程度。但是商业信用同时还包括应收票据、应付票据等等,这几项数据尚未纳入考虑,因此究竟这一指标是否能很好地衡量企业对商业信用的利用还值得研究和探讨。
[Abstract]:Since the reform and opening up, China's economy has developed rapidly. As an important part of the credit system, commercial credit plays a more and more important role in the economic development of our country. Different background of property right and different economic environment have important influence on commercial credit behavior, and the influence of these two factors on the utilization of business credit may be different. This paper takes state-owned enterprises and private enterprises as research objects, by comparing the data of listed companies before and after the financial crisis, discusses the influence of the background of property rights and economic environment on the degree of commercial credit utilization of enterprises. This paper is divided into five chapters, the main research ideas and frameworks are as follows: the first chapter is the introduction. This chapter describes the research background and significance of business credit utilization, explains the motivation and purpose of the research, and introduces the methods used in the research. The second chapter is a literature review. This chapter summarizes the previous research literature on commercial credit from three aspects, including the internal factors and external environment of foreign scholars' research on commercial credit, and the scattered research of domestic scholars on commercial credit. An evaluation is made. The third chapter is the relevant theoretical basis. It mainly includes the existence motive theory of commercial credit, financing motive, operating motive and the influence of different property right background and different economic environment on the utilization of business credit in our country. The fourth chapter is empirical test. This chapter makes a statistical description and multiple regression analysis on the degree of using commercial credit in different property right background and different economic environment of listed enterprises in our country, draws the corresponding conclusion and makes an analysis and discussion. The fifth chapter is the conclusion and recommendation. Based on the previous analysis and empirical analysis, this chapter summarizes the conclusions and puts forward some suggestions on the problems found in the research. As previous relevant literature and studies have focused on research on the existential motivation of commercial credit or the analysis of the influencing factors of commercial credit, This paper focuses on the analysis of the degree of commercial credit utilization in different property right background and economic environment, through the empirical research on the net commercial credit utilization of different listed companies. The following conclusions are drawn: in daily operation, state-owned enterprises will provide more commercial credit, while private enterprises will use more commercial credit; from the beginning of the financial crisis to the middle of the financial crisis, The use of commercial credit by both state-owned enterprises and private enterprises will show a decreasing trend, however, from the middle to the later stage of the financial crisis, the trend of the use of commercial credit by state-owned enterprises and private enterprises may not change obviously. Through regression analysis, we also find that the financial crisis has less impact on the use of business credit than the background of property rights. There are two main deficiencies in this study: first, the sample data only select the financial data of listed companies, but the data of non-listed companies are not taken into account, and many enterprises in our country are non-listed companies. So the result is not enough to explain the situation of all enterprises in our country. Second, this paper uses the difference between accounts receivable and accounts payable divided by operating income to measure the use of business credit. However, commercial credit also includes notes receivable, notes payable and so on. These data have not been taken into account, so it is worth studying and discussing whether this index can measure the use of commercial credit.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F831.59;F832.51;F275

【参考文献】