通货膨胀、市场地位对商业信用的影响
发布时间:2018-10-15 12:52
【摘要】:本文采用2010-2015年沪深两市A股上市公司的年度数据,研究市场地位和商业信用的关系,以及考虑通货膨胀预期背景下二者的关系是否会发生。研究结果表明:第一,市场地位高的企业会凭借其市场地位获得较多的商业信用,二者呈正相关关系;第二,当预期未来将发生通货膨胀时,企业获得的商业信用也会增加;第三,通货膨胀预期会加深市场地位和商业信用之间的正相关关系,即当预期未来将发生通货膨胀时,市场地位高的企业能凭借自己的市场地位更多地获得商业信用。本研究把通货膨胀对企业行为的影响纳入宏观经济政策与微观主体行为互动关系的研究框架中,量化通货膨胀对企业行为的影响,扩展了企业商业信用方面的研究,有助于政府和企业更好地应对通货膨胀。
[Abstract]:Based on the annual data of A-share listed companies in Shanghai and Shenzhen stock markets from 2010 to 2015, this paper studies the relationship between market position and commercial credit, and whether the relationship will occur under the background of inflation expectation. The results show that: first, enterprises with high market status will gain more commercial credit by virtue of their market position, and the two will have a positive correlation; second, when inflation is expected to occur in the future, the commercial credit acquired by enterprises will also increase. Third, inflation expectation will deepen the positive correlation between market position and business credit, that is, when inflation is expected in the future, enterprises with high market position can obtain more commercial credit with their own market position. In this study, the influence of inflation on enterprise behavior is incorporated into the research framework of the interaction between macroeconomic policy and micro-subject behavior, and the impact of inflation on enterprise behavior is quantified, which expands the research on business credit. It helps governments and businesses better deal with inflation.
【作者单位】: 东华大学旭日工商管理学院;
【分类号】:F822.5;F832.51;F270
本文编号:2272612
[Abstract]:Based on the annual data of A-share listed companies in Shanghai and Shenzhen stock markets from 2010 to 2015, this paper studies the relationship between market position and commercial credit, and whether the relationship will occur under the background of inflation expectation. The results show that: first, enterprises with high market status will gain more commercial credit by virtue of their market position, and the two will have a positive correlation; second, when inflation is expected to occur in the future, the commercial credit acquired by enterprises will also increase. Third, inflation expectation will deepen the positive correlation between market position and business credit, that is, when inflation is expected in the future, enterprises with high market position can obtain more commercial credit with their own market position. In this study, the influence of inflation on enterprise behavior is incorporated into the research framework of the interaction between macroeconomic policy and micro-subject behavior, and the impact of inflation on enterprise behavior is quantified, which expands the research on business credit. It helps governments and businesses better deal with inflation.
【作者单位】: 东华大学旭日工商管理学院;
【分类号】:F822.5;F832.51;F270
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