Research on the Impact of Social Credit Improvement on the Debt Financing of Agricultural Enterprises

作     者：Hang Cheng 

作者机构：Yunnan University of Finance and EconomicsKunming 650221China 

出 版 物：《Proceedings of Business and Economic Studies》 (商业经济研究（百图）)

年 卷 期：2021年第4卷第6期

页      面：10-14页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：Social credit Debt financing Agricultural enterprise Village revitalization 

摘      要：This study takes China’s A-shares agricultural companies as the research subjects and examines the influence of social credit environment on the debt financing of agricultural *** study has found that the improvement of social credit environment can significantly increase the debt financing scale of agricultural *** a placebo test,the replacement of explained variables,and the control of industry fixed effects,the results obtained are still *** mechanism test found that the scale of the enterprise has a complete intermediary effect;that is,the social credit environment can increase the scale of external financing of agricultural enterprises by increasing the scale of the *** article focuses on the impact of informal institutions on corporate debt financing,which is conducive to enriching relevant research on agricultural enterprises and has important practical significance for promoting the development of the agricultural industrial chain as well as“village revitalization.