集团内部资本市场短期资金的配置效率和使用效率分析-analysis on the allocation efficiency and use efficiency of short-term funds in the groups internal capital market.docx

efficiency of empirical research, on the basis of theoretical analysis, has carried on the empirical research, to further support the point of view in this paper. In this section is divided into two parts, namely the internal market of the monetary policy transmission mechanism directly empirically; Group internal capital market short-term capital allocation efficiency and use efficiency of the empirical test. Chapter six is the conclusion and future research direction. Conclusion of the article is summarized, and put forward the relevant policy recommendations, points out the shortages of the article and the research direction in the future.The results show that the tightening of monetary policy impact, relative to a single small businesses, large companies especially the central state-owned group company, stimulated the production and operation efficiency of internal so as to improve the efficiency and allocative efficiency of short-term funds; And group and group size inside the use effect of short term capital university was positively related to relationship; In addition, the inventory turnover and the improvement of current assets turnover for the groups internal short-term funding allocation efficiency provides a favorable environment, group parent company can according to their own high speed rotating velocity to help it close or related subsidiary realize timely supplement, so as to improve the ability of the groups overall protection against a tight monetary policy.Key words：Group Internal Capital Markets；Monetary Policy；Commercial Credit； Allocative efficiency；Use efficiency目录摘要 .................................................................. IAbstract ............................................................... II第一章前言 .......................................................... 11.1 问题的提出 .......................................................... 11.1.1 研究背景 .......................................................... 11.1.2 相关概念的界定 ...................