债权融资的治理效应——关于债务约束相关理论的综述兰艳泽

On Governance Effects of Credit Financing--A Summary of Debt Constraint Theory

文章主要把西方从20世纪70年代开始的债权融资中的债务约束相关理论到今天的债务约束的实证研究进行了总结和归纳;同时,也对国内关于债务约束的相关研究作了简要的归纳,以望对债务约束理论的发展轨迹做一个系统分析。

The paper summarizes the theoretic and positive analysis on credit financing issues in western countries since 1970s. The author also sums up the debt-related theory in China and makes efforts to define the developing orbit of the theory.