摘要
近年来我国经济发展进入新常态,经济增速减缓,经济下行压力加大。面对变化的经济环境,部分公司经营出现困难,信用风险出现上升趋势。为了研究上海上市公司信用风险的变化及传染效应,现基于2010-2018年上海辖区151家上市公司的面板数据,使用KMV方法对公司的信用风险进行了度量,并运用动态空间面板模型进行探究。研究表明:上海地区上市公司之间存在明显的信用风险传染效应,并且随着经济下行压力的加大,上海上市公司的信用风险也随之增大。
Based on the panel data of 151 listed companies in Shanghai from 2010 to 2018,this article uses the spatial econometric model to study the change and contagion effect of credit risk of Listed Companies in Shanghai under increasing downward pressure.The research shows that there are obvious credit risk contagion effects among enterprises in Shanghai,and with the increasing downward pressure of the economy,the credit risk of listed enterprises also increases.
作者
王乾安
Wang Qianan(School of international business and economics,Shanghai University of international business and economics,Shanghai 201600)
出处
《北方经贸》
2021年第1期53-58,共6页
Northern Economy and Trade
基金
教育部人文社科基金(20YJC790181)
国家自然科学基金项目(71874106)。
