我国产融结合有效性的实证分析及目标方式的选择

An Empirical Analysis on Effectiveness of the Integration of Industry and Finance in China and the Selection of the Target Mode

有效的产融结合不仅能够降低产融结合的成本、减少产融的信息不对称,还能够提高资本配置的效率,进一步优化经济资源的配置。产融结合的有效性是一个动态、历史的概念,不同的产融结合方式以及同样的产融结合方式、产融结合机制在不同的历史时期和不同的条件下,所产生的效果是不同的。由此看来,选择何种产融结合方式有着十分重要的现实意义。

Effective integration of industry and finance information asymmetry, but also improve the efficiency can not only reduce the cost of the integration and eliminate of capital allocation and further optimize the allocation of economic resources. The effectiveness of integrating industry and finance is a dynamic, historic concept. Different integrating modes have different effects; and the effects of the same integrating modes and mechanisms may differentiate in different historical periods and in different circumstances. Hence, it＇ s of practical significance to choose integrating modes.