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dc.contributor.author吴育辉
dc.contributor.author黄飘飘
dc.contributor.author陈维
dc.contributor.author吴世农
dc.date.accessioned2018-11-26T07:15:59Z
dc.date.available2018-11-26T07:15:59Z
dc.date.issued2017
dc.identifier.citation管理科学学报,2017,(5):51-65
dc.identifier.issn1007-9807
dc.identifier.other10.3969/j.issn.1007-9807.2017.05.005
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/162250
dc.description.abstract以2005年一2013年中国上市公司为样本,探讨产品市场竞争优势的含义及度量方法,产品市场竞争优势对企业资本结构与商业信用支持的影响,以及宏观、; 行业和微观因素如何发挥调节作用.研究发现:第一,产品市场竞争优势有助于降低企业的负债水平,并刺激企业对上下游企业提供更多的商业信用支持;第二,在; 经济越发达的地区、竞争强度越弱的行业,以及民营控股上市公司中,产品市场竞争优势会进一步降低企业的负债水平,同时加强其对上下游企业的商业信用支持.; 研究结论为从理论上更加全面和准确地理解产品市场竞争优势与企业资本结构和商业信用支持的关系提供了新的科学依据.
dc.description.abstractCollecting data from Chinese listed firms from 2005 to 2013,the paper; develops a measure of product market competition advantage (or PMC A),; and investigates the effect of PMCA on capital structure and trade; credit supply as well as the moderating role of macro,industry,and micro; factors. It is found that firms with PMCA have lower capital structure; and higher trade credit supplies to their suppliers or customers.; Moreover, the effect of PMCA on capital structure and trade credit; supply is greater in fast-growing economic regions,weakly competitive; industries, and non-state-owned firms. Overall, the paper provides new; evidence to a better understanding of the effect of PMCA on capital; structure and trade credit supply.
dc.description.sponsorship国家自然科学基金资助项目; 教育部新世纪优秀人才支持计划资助项目
dc.language.isozh_CN
dc.subject产品市场竞争
dc.subject资本结构
dc.subject商业信用
dc.subjectproduct market competition
dc.subjectcapital structure
dc.subjecttrade credit
dc.title产品市场竞争优势、资本结构与商业信用支持基于中国上市公司的实证研究
dc.title.alternativeProduct market competition advantage,capital structure and trade credit supply: Empirical evidence from Chinese listed firms
dc.typeArticle


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