声誉资源与债务期限结构：来自中国高校上市公司的证据

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2024-08-28 DOI:10.1016/j.iref.2024.103547

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引用次数: 0

摘要

本研究关注声誉资源与债务期限结构之间的关系，发现声誉资源的提升可以优化债务期限结构，其中企业信用评级起到中介作用；此外，声誉资源对不同性质企业债务期限结构的影响存在差异，其中对非国有企业的影响更为显著。经过稳健性检验和内生性检验后，本研究的结论仍然有效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Reputation resources and debt maturity structure: Evidence from Chinese university-based listed companies

This study focuses on the relationship between reputation resources and debt maturity structure and finds that enhancing reputation resources can optimize debt maturity structure, in which corporate credit ratings play a mediating role; moreover, there are differences in the impact of reputation resources on debt maturity structure for firms of different natures, in which the impact is more significant for non-state-owned firms. The findings of this study remain valid after the robustness and endogeneity tests.

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.