创业板上市公司贷款银行选择与影响因素研究.pdfVIP

目录 1 创业板上市公司贷款银行选择与影响因素研究 【摘要 】09 年推出的创业板，虽然给企业带来新的融资活力，但是过分依赖股权融资， 会使企业资金缺乏稳定性，不利于需要稳定资金支持的创业板上市公司。根据西方学者 的研究，企业在外部融资中，应该优先考虑债权融资。而且，有税 MM 理论，即公司的 负债越多，避税的收益越大，公司的价值也就越大，与这一理论相一致。因此，本文就 着重对创业板上市公司贷款银行选择与影响因素进行研究。本文以创业板上市公司财务 数据为研究对象，通过数据分析得出，目前，69%的创业板上市公司还是会选择大型商 业银行。通过理论和实证分析，得出在理想情况下，影响贷款银行选择的因素主要有贷 款利率、贷款期限、地理位置、逾期利率和资金及时性。然后，通过借鉴陈宏明，吴凯（2007） 的权重分析法，在上述因素的影响下，以 5 家大型商业银行为待选银行，创业板上市公 司该如何选择。在假设成立的情况下，创业板上市公司应该选择建设银行进行银行贷款。 【关键词】创业板上市公司 贷款银行选择 大型商业银行 权重分析法 Study selection and influence factors of bank loan from listing Corporation gem [Abstract] Gem 09 years launched, although bring new vitality to the enterprise financing, but excessive reliance on equity financing, will make the enterprise funds lack of stability, is not conducive to the growth enterprise market of listing Corporation a stable financial support. According to the research of western scholars, the enterprise in the external financing, priority should be given to the creditors rights financing. Moreover, a tax MM theory, which is more indebted companies, tax income is bigger, the value of the company is bigger also, consistent with this theory. Therefore, this 2 paper focuses on the factors of GEM Listing Corporation loan bank selection and influence research. In this paper, the growth enterprise market of listing Corporation financial data as the research object, through data analysis, at present, the GEM Listing Corporation 69% would choose the large commercial banks. Through theoretical and empirical analysis, obtained in the ideal case, factors affecting the choice of bank loans are loans, loan period, the geographical position, overdue interest rate and the funds. Then, by drawing lessons from Chen Hong m