| 社会资本对高新技术企业融资行为的影响研究 |
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| 引用本文： | 杨锐 杨斌. 社会资本对高新技术企业融资行为的影响研究[J]. 当代金融研究, 2018, 0(2): 57-71 |
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| 作者姓名： | 杨锐 杨斌 |
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| 作者单位： | 西南大学经济管理学院 |
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| 基金项目： | 本文获西南大学研究生教改项目（项目编号： 2013JGAL002）和西南大学教学改革项目（项目编号：2017JY004）资助。 |
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| 摘 要： | 将社会资本这一社会学概念引入到金融学领域展开研究，为优化企业融资决策拓 展了新的思路。本文以2011年1月1日之前在深圳交易所创业板上市的高新技术企业为研究样 本，实证分析了社会资本对高新技术企业融资行为的影响。研究发现：社会资本能帮助企业积 累良好的声誉以及获取关键性资源，对我国高新技术企业融资行为产生了积极的影响；并且， 社会资本越高的企业，选择债务融资方式的可能性越高。
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| 关 键 词： | 社会资本；融资行为；资本结构；债务期限结构 |
Influence of Social Capital on Financing Behavior of New and High Technology Enterprises |
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| Yang Rui Yang Bin. Influence of Social Capital on Financing Behavior of New and High Technology Enterprises[J]. , 2018, 0(2): 57-71 |
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| Authors: | Yang Rui Yang Bin |
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| Affiliation: | College of Economics and Management, Southwest University |
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| Abstract: | The sociological concept of social capital is introduced into the field of finance, which will provide a new idea on optimizing the financing decision-making of enterprise. This paper empirically analyzes the influence of the social capital on the financing behavior of the new and high technology enterprises by taking the new and high-tech companies listed on GEM before January 1, 2011 as samples. The results show that the social capital can help enterprises accumulate good reputation and obtain key resources, which has a positive influence on the financing behavior of new and high-tech enterprises in China. Moreover, the more social capital the enterprises have, the more likely it is to choose debt financing. |
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| Keywords: | Social Capital Financing Behavior Capital Structure Debt Maturity Structure |
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