摘要
本文从企业产权制度出发,主要对不同产权性质企业的投融资关系进行了研究。结果发现,在国有产权控制企业,存在着"先投后融"的财务行为特征,但是在私有产权控制企业,却体现为"先融后投"的行为特点。通过本文的研究,不仅是对企业投融资关系研究的进一步深入,而且也从产权制度视角对公司财务行为提供了一个新的解释。
Based on the property right system,we study on the relationship between the financing and investment.The results indicate that in the state-owned enterprises,the character of the financial behavior shows firstly investing and then financing.But in the private-owned enterprises,the financial properties display that firstly financing and then investing.Our findings do a further study to the relationship of the financing and investment.As well as it gives a new explanation to the corporate financial conductions in the view of the property rights system.
出处
《会计研究》
CSSCI
北大核心
2012年第1期43-50,97,共8页
Accounting Research