审计意见、供应链金融与中小企业融资约束——来自创业板上市公司的经验证据  

Audit Opinion,Supply Chain Finance and Financing Constraints of SMEs——Empirical Evidence from GEM Listed Companies

作　　者：赵月丽[1] 杨毅[2] 龙泽海 

机构地区：[1]广西科技大学管理学院 [2]广西科技大学西部地区产业与城市发展研究中心 [3]广西科技大学理学院,广西柳州545006

出　　处：《金融发展研究》2017年第5期44-50,共7页Journal Of Financial Development Research

基　　金：国家社会科学基金项目"西部地区中小企业融资绩效研究"(11XJL016);广西科技大学研究生教育创新计划项目"供应链金融发展与中小企业融资约束"(GKYC201610);广西科协立项研究课题项目"中小企业金融服务供给结构改革与政策创新研究"(桂科协(2016)Z-22)

摘　　要：中小企业融资困难是企业、政府和学术界关注的焦点问题。本文在研究审计意见和供应链金融缓解创业板融资约束的基础上,创设性地探究了不同审计意见下供应链金融缓解创业板融资约束的差异。研究结果表明,创业板上市公司存在融资约束现象,好的审计意见、供应链金融均能缓解其融资约束,并且供应链金融缓解融资约束强度与审计意见质量负相关。The financing difficulty of small and medium-sized enterprises is the focus of the government and aca- demic circle. Based on the study of the audit opinion and the supply chain finance easing the GEM＇s financing con- straints, this paper creativley discusses the difference of supply chain finance in easing GEM＇s financing constraints udnder differnent audit opinions. The results show that the existence of the phenomenon of financing constraints of GEM listed companies, the audit opinion, supply chain finance can alleviate the financing constraints, and supply chain financial strength ease financing constraints and negatively related to the quality of the audit opinions.

关 键 词：供应链金融 融资约束 审计意见 创业板 

分 类 号：F832.4[经济管理—金融学]