论票据融资的竞争效应  

Research on Competition Effect of Financing by Commercial Paper

作　　者：贾玉革[1] 

机构地区：[1]中央财经大学,北京100081

出　　处：《中央财经大学学报》2005年第12期21-25,共5页Journal of Central University of Finance & Economics

摘　　要：理论分析与实证检验都表明,票据融资的竞争效应带来了整体金融功能与效率的增强与提升。主要体现在:企业的融资渠道增加、融资成本降低;在票据融资的竞争下,商业银行增加了对中小企业的信贷规模,转换了经营管理理念,通过不断创新的、优质便利的金融商品与服务拓展生存空间,从而提升了金融发展层次,提高了整个社会融资的满足度及社会对金融商品、金融服务需求的满足度。It has been proposed by theories and proved by practices that, the competition effect of financing by commercial paper strengthens and boosts financial function and efficiency： opening up enterprise＇s financing channel, reducing enterprise＇s financing cost, commercial banks increase the loans to small enterprise, switch management idea and open up more survival space through innovative, highquality and convenient financial commodities and services, thereby upgrading the level of financial development, enhancing the society satisfaction for financing and financial commodities and services.

关 键 词：融资 票据 竞争效应 

分 类 号：F830.4[经济管理—金融学]