企业信用价格对融资成本影响的思考  

The Contemplation on the Impact of the Price of Corporate Credit on the Financing Cost

作　　者：张慧芬[1] 江明哲[1] 

机构地区：[1]中国建设银行上海市分行,上海200120

出　　处：《上海金融》2013年第4期104-107,119,共4页Shanghai Finance

摘　　要：本文通过对企业信用价格定义、形成轨迹及其对融资成本影响的研究,提出了在不同经济形态下,企业信用价格对融资成本影响力是不同的,利率市场化程度越高,企业信用价格对企业融资成本影响越大,并发现了企业信用价格与融资成本成反比例关系;依据世界主要国家利率市场化运营规则规律,就不同级别的企业信用价格对融资成本的影响程度作了基本判断;就利率市场化背景下,提高企业信用价格,降低融资成本,提出了三条有操作性的建议。The paper studies the definition and the formation of the price of corporate credit,as well as its impact on the financing cost.It then argues that in different economic forms,the influence of the price of corporate credit on the financing cost is different.The higher the degree of marketization of interest rate is,the greater the impact of the price of corporate credit on the financing cost is.The price of corporate credit is inversely proportional to the financing cost.Based on the operational rules of market-oriented interest rates in the world's major countries,the paper makes basic judgments about the impact of different levels of the price of corporate credit on the financing cost.In the context of the marketization of interest rates,the paper proposes three pieces of recommendations on improving the price of corporate credit and reducing the financing cost.

关 键 词：利率市场化 信用价格 融资成本 影响力 

分 类 号：D21[政治法律—政治学]