机构投资者持股及股权性质对债务融资的影响被引量：3

Research on the Influence of Institutional Investor Stock Ownership and Ownership Property on Debt Financing

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摘要对机构投资者持股、股权性质与债务融资之间关系的研究结果表明,机构投资者持股能够有效降低公司的债务融资率,随着机构投资者的增加,非国有控股公司债务融资率显著下降,但是对国有控股公司影响不明显;机构投资者持股比例越高,非国有上市公司短期借款比例越低。 It is indicated in the research on the relationship among the institutional investor stock ownership, ownership property and debt financing that the former can effectively reduce the ratio of debt financing of a company and with the increase of institutional investors that of debt financing of non state-owned holding companies decreases remarkably but the influence is less obvious on that of state-owned holding companies,and the higher the ratio of the former,the lower the ratio of short term bank loan of non state--owned listed companies.

作者顾银宽张春想

机构地区安徽工业大学管理学院

出处《安徽工业大学学报（社会科学版）》 2014年第1期15-18,共4页 Journal of Anhui University of Technology：Social Sciences

关键词机构投资者持股股权性质债务融资影响 institutional investor stock ownership ownership property debt financing influence

分类号 F275 [经济管理—企业管理]

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