Would the Deleveraging Policy Affect the Confidence of Investors?Chinese Full Text
Qin Hailin;Gao Yiwei;School of Economics and Management,Tiangong University;
Abstract: When adjusting the capital structure,deleveraging policy will reduce the financial and bankruptcy risk of enterprises. However,this will weaken the governance effect of creditors and further aggravate the problem of insider control. Therefore,this deleveraging policy might not only undermine the confidence of investors,but also weaken its policy effect in the long run. Based on the panel data of non-financial listed A-share companies from 2014 to 2018,we use the DID method to analyze the impact ... More
- DOI：
10.19361/j.er.2020.01.02
- Series：
(J) Economics ＆ Management
- Subject：
Enterprise Economy; Finance; Securities; Investment
- Classification Code：
F275;F832.51
- Mobile Reading
Read on your phone instantly
Step 1Scan QR Codes
"Mobile CNKI-CNKI Express" App
Step 2Open“CNKI Express”
and click the scan icon in the upper left corner of the homepage.
Step 3
Scan QR Codes
Read this article on your phone.
- Download
- Online Reading
- AI Summary
Download the mobile appuse the app to scan this coderead the article.
Tips: Please download CAJViewer to view CAJ format full text.
Download: 1839 Page: 17-35 Pagecount: 19 Size: 211K
Citation Network
Related Literature
- Similar Article
- Reader Recommendation
- Associated Author
- [1]分析师跟踪如何影响企业杠杆操纵——基于中国A股上市企业的实证研究[J]. 刘会洪,张哲源. 渭南师范学院学报. 2024(06)
- [2]去杠杆对国有企业过度投资的影响研究[J]. 胡永平,李玉霞. 重庆理工大学学报(社会科学).
- [3]去杠杆政策对企业污染排放的影响研究[J]. 付晓蕊. 中小企业管理与科技. 2024(24)
- [4]国有资本参股与民营企业杠杆操纵[J]. 张信东,巴雯新. 财会月刊. 2025(08)
- [5]宏观经济政策不确定背景下企业杠杆操纵决策研究[J]. 胡刘芬,周泽将. 当代财经. 2024(12)
- [6]客户稳定性对企业杠杆操纵的影响研究——基于监督效应和融资效应的视角[J]. 陈晓辉,李宾,田马飞. 上海金融. 2023(10)
- [7]机构共同持股对企业杠杆操纵的影响研究[J]. 张思远,郝一权,卜君. 中国注册会计师. 2024(07)
- [8]经济增加值考核与“去杠杆”的内在关联——基于双重差分法与中介效应法的实证研究[J]. 李昕潼,何杨,刘阳. 投资研究. 2024(07)
- [9]股东身份与企业杠杆操纵——基于机构投资者视角的分析[J]. 卿小权,董启琛,武瑛. 财经研究. 2023(02)
- [10]高管金融背景与零杠杆策略[J]. 邓雪. 商业观察. 2023(11)