银行往来关系与公司代理成本关系实证研究——基于中国民营上市公司的证据

Abstract

针对公司代理成本问题,本文主要以中国民营上市公司为样本,通过银行负债比例和长期银行负债比例来衡量企业和银行的往来关系密切程度,实证研究银行往来关系与公司代理成本的关系。研究结果表明,与银行保持密切的往来关系有助于中国民营上市公司降低公司代理成本。

Focus on the problem of corporation agency cost(?)this papers mainly uses the variables of the bank debt ratio and the long- term bank debt ratio to measure the banking relationship and empirically study the relationship between banking relationship and corporation agency cost with the sample of Chinese listed private-controlled companies.The result shows that Chinese listed private-controlled companies can lower the corporation agency cost with closer banking relationship.