摘要
现代企业的融资方式主要是商业信用与银行信用两种途径。现代企业财务管理的主要内容是资金管理。以我国上市房地产企业为研究对象,对该行业的商业信用与银行信用的互动关系进行实证分析,并引入货币政策的影响做进一步分析。研究表明,房地产企业的商业信用与银行信用之间存在显著的替代关系,但受货币政策的影响力度较弱。
Main financing of modern enterprise is bank loans and business credits.Main financial management of modern enterprise is capital management.In this paper,we take Chinese real estate enterprises as target,empirical analysis the relationship between bank loans and business credits,and introduce monetary policy variables as further analysis.The research shows that there is a significant substitution relationship between commercial credit of real estate enterprises and bank credit,but the monetary policy has a weak impact.
作者
蔡杨
付云云
CAI Yang;FU Yun-yun(School of Mathematics and Finance,Chuzhou University,Chuzhou 239000,China)
出处
《经济研究导刊》
2020年第28期50-53,共4页
Economic Research Guide
基金
安徽省人文社科一般研究项目(SK2017B07)。
关键词
货币紧缩
替代互补
市场偏好
商业信用
银行信用
monetary tightening policy
substitution and complement
market preference
