互联网金融超市与企业债务融资——以“支付宝”财富平台为例  

Internet Financial Supermarket and Corporate Debt Financing——Taking “Alipay” Wealth Platform as an Example

作　　者：王可 周亚拿 WANG Ke;ZHOU Yana(Guangdong University of Finance and Economics;Guangdong University of Finance)

机构地区：[1]广东财经大学金融学院 [2]广东金融学院金融与投资学院,510521

出　　处：《经济学（季刊）》2023年第1期318-334,共17页China Economic Quarterly

基　　金：广东省自然科学基金面上项目(2022A1515010634);广东省哲学社会科学基金青年项目(GD19YYJ01)的资助。

摘　　要：本文分析了金融产品的线上交易对上市公司银行贷款及其替代性债务融资方式的影响。研究表明,互联网金融平台中的金融产品交易能够异质性地影响企业贷款获得,并相应带来企业商业信用行为的变化。本文在已有互联网金融活动改变传统商业银行行为结论的基础之上,从投资理财类业务进行切入,将研究延伸至互联网金融对上市公司债务融资的影响,对于理解我国数字金融实践下的企业债务问题具有一定的参考价值。This study analyzes the impact of online trading of financial products on bank loans and alternative debt financing of listed companies. The results show that the financial products trading in internet financial platform have heterogeneous influence on the enterprise loan acquisition, and correspondingly bring about the change of enterprise commercial credit behavior. This paper breaks through the logical chain of the influence of Internet Finance on the financing of listed companies, which has a certain reference value for understanding the corporate debt in the practice of digital finance in China.

关 键 词：互联网金融超市 数字金融 企业债务融资 

分 类 号：F724.6[经济管理—产业经济] F832.2