本文選題：林業(yè)上市公司　切入點(diǎn)：股權(quán)再融資　出處：《林業(yè)經(jīng)濟(jì)》2016年12期 　論文類(lèi)型：期刊論文

【摘要】：文章以2006~2014年林業(yè)類(lèi)上市公司數(shù)據(jù)為樣本,分析了融資方式與投資效率之間的關(guān)系。結(jié)果表明,股權(quán)再融資和信貸融資能夠緩解國(guó)有林業(yè)企業(yè)的投資不足,但股權(quán)再融資對(duì)非國(guó)有林業(yè)企業(yè)的投資不足沒(méi)有顯著影響,信貸融資會(huì)導(dǎo)致非國(guó)有林業(yè)企業(yè)的投資不足。從整體上來(lái)講,股權(quán)再融資對(duì)過(guò)度投資沒(méi)有影響,長(zhǎng)期信貸融資會(huì)導(dǎo)致林業(yè)企業(yè)的過(guò)度投資。
[Abstract]:Based on the data of forestry listed companies from 2006 to 2014, this paper analyzes the relationship between financing mode and investment efficiency. The results show that equity refinancing and credit financing can alleviate the insufficient investment of state-owned forestry enterprises. However, equity refinancing has no significant impact on the underinvestment of non-state-owned forestry enterprises. Credit financing will lead to underinvestment of non-state-owned forestry enterprises. Overall, equity refinancing has no effect on over-investment. Long-term credit financing will lead to overinvestment of forestry enterprises.
【作者單位】： 西京學(xué)院會(huì)計(jì)學(xué)院;天津商業(yè)大學(xué)商學(xué)院;
【基金】：國(guó)家自然科學(xué)基金“抵消作用還是傳導(dǎo)作用——商業(yè)信用在貨幣政策傳導(dǎo)中的作用研究”(編號(hào):71340026)
【分類(lèi)號(hào)】：F326.25
，

本文編號(hào)：1570370