Research on the Influence of Leverage Ratio on Stock Market Stability in China
Paper aimed at the fact that leverage is rising in recent years,our country enterprise,the enterprise are analyzed theoretically leverage effect on the stability of the stock market,and by using China's Shanghai and shenz-hen two cities 2813 a-share non-financial enterprises in the first quarter from the first quarter of 2005 to 2021 data to carry on the empirical test,found that our country enterprise rising leverage will intensify stock market volatility,But there is a lag effect;Corporate leverage affects the stability of the stock market by affecting corporate financial risk and investment.Monetary policy has a moderating effect.Loose monetary policy will strengthen the negative impact of corpo-rate leverage on stock market stability.Finally,the paper puts forward some suggestions on how to reduce corporate le-verage to maintain the stable development of stock market.
NETL
NSTL
万方数据
维普
