Can"Reverse Mixed Ownership Reform"Reduce the Cost of Debt Financing for Private Enterprises?
This article selects data from A-share listed private enterprises from 2007 to 2021 to study the impact of"reverse mixed ownership reform"on the cost of debt financing for private enterprises.This study has found that"reverse mixed ownership reform"has a significant inhibitory effect on the cost of debt financing for private enterprises,and the introduction of state-owned capital by private enterprises can reduce their debt financing costs by reducing their illegal behaviors.Further research shows that compared to low media attention,high media attention makes the impact of"reverse mixed ownership reform"on reducing corporate debt financing costs more significant.Compared to a higher level of internal control,a lower level of internal control makes the impact of"reverse mixed ownership reform"on reducing corporate debt financing costs more significant.This article expands the research on the impact of"reverse mixed ownership reform"on the cost of debt financing for private enterprises.
NETL
NSTL
万方数据
