我国上市公司融资偏好悖论的经济学思考  

An Economic Thought about the Paradox of Financing Preference of Listed Companies

作　　者：王素莲[1] 

机构地区：[1]山西大学经济与管理学院,山西太原030006

出　　处：《山西大学学报（哲学社会科学版）》2003年第6期25-28,共4页Journal of Shanxi University(Philosophy and Social Science Edition)

摘　　要：我国上市公司的融资偏好表现为重股票融资,轻债务融资,与现代资本结构理论揭示的"融资优序"相反,这种现象被称为"融资偏好悖论"。融资成本悖论、融资效率悖论是融资偏好悖论的特征表现;对融资偏好悖论的经济学分析,是修正融资偏好悖论的理论根基。The financing preference of listed companies in Chinameans that they display stock financing first and bond financing second. It is contrasting to the best financing sequence disclosure by contemporary capital structure, which is called paradox of financing preference. Paradox of financing cost and efficiency are characteristics of paradox of financing preference. It is the theoretical base to revise the paradox of financing preference that we analyze it in view of economics.

关 键 词：融资偏好悖论 不完全契约 寻租活动 法人治理结构 

分 类 号：F120.4[经济管理—世界经济]