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Research on the Influence of Corporate Credit Culture on Corporate Financing Constraints--Panel data analysis based on A-share listed companies
oleh: Liu Zhiqiang, Zhou Lu
Format: | Article |
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Diterbitkan: | EDP Sciences 2021-01-01 |
Deskripsi
This paper takes China’s A-share listed companies from 2009 to 2019 as a sample, uses the mixed ols model and the two-way fixed effects model to conduct empirical analysis, and finds that when the corporate integrity culture is strong, the financing constraints faced by the company are lower. This conclusion remains robust after considering endogenous issues. This research not only explores ways to alleviate corporate financing constraints from a new perspective, but also has important practical significance for improving corporate governance and promoting the effective allocation of financial market resources.