资产风险信息不对称与我国上市公司融资行为研究
Empirical Study of Corporate Financing:Seen from Information Asymmetry of Assets Risk
作者：曾鸿志;何小锋;
Author：
收稿日期： 年卷（期）页码：2010,(04):-93-101
期刊名称：四川大学学报(哲学社会科学版)
Journal Name：Journal of Sichuan University (Social Science Edition）
关键字：公司融资;信息不对称;资产风险
Key words：
基金项目：2009年北京市哲学社科规划项目(09AbJG290);;
2008年教育部人文社科基金项目(08JC790049)资助
中文摘要
信息不对称对公司融资及其理论发展有着重要的影响,但将资产风险信息不对称与公司融资结合起来进行研究一直是个难题。通过实证研究,证明资产风险的信息不对称对我国上市公司融资行为和资本结构存在重要影响,较好地解释我国上市公司股权融资偏好的现象,并且对融资结构不同理论的分歧提出了新的解释,还对多个易削弱本研究有效性的理论进行了相关显著性的检验,结果表明其他传统资本结构的决定因素不能排斥实证结论,进一步证明了结论的有效性。
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