The New Type of Government-Business Relationship and Enterprise Financing Constraints
The new type of political business relationship is a fundamental and crucial link in promoting the modernization of the national governance system and governance capacity.China is building a new type of political and commercial relationship characterized by"Pro Qing".Using the A-share listed companies in Shanghai and Shenzhen from 2011 to 2020 as research samples,this study examines the impact of the construction of new political business relationships on corporate financing constraints.Research has found that the higher the degree of building a new type of government business relationship,the more it can alleviate the financing constraints of enterprises;In non-state-owned enterprises,this mitigating effect is more significant.This study provides empirical evidence from the micro perspective of enterprises for China to promote the reform of the business environment and build a new type of political business relationship.
The New Type of Government-Business RelationshipFinancing constraintsEnterprise characteristics
万方数据
维普
