管理学刊2026，Vol.39Issue(1)：78-92,15.DOI:10.19808/j.cnki.41-1408/F.2026.0007
企业金融化影响银行信贷风险的"双刃剑"效应
Analysis of the Double-Edged Sword Effect of Corporate Financialization on Bank Loan Risks:Based on the Micro-Matching Data of Companies and Banks
蔡传里1
作者信息
- 1. 东莞理工学院经济与管理学院,广东东莞 523808
- 折叠
摘要
Abstract
Maintaining financial system security is a strategically and fundamentally important issue related to the overall development of our country.As a bank-led financial system bank security plays a decisive role in the financial system security of our country.This article takes the phenomenon of corporate financialization as the starting point to study whether the behavior of enterprise financial has an impact on bank loan risks.The results show that corporate financialization has a significant double-edged sword effect on bank loan risks,with the risk amplification effect outweighing the risk mitigation effect,thereby generally exacerbating bank credit risk.The test of effect shows asset price fluctuations,loan interest rates,and loan terms influence the risk amplification and mitigation effects of corporate financialization.The transmission mechanism test shows that enterprise financialization affects bank loan risks through enterprise internal financial risk and external business convergence risk.Therefore,it is proposed that we should guide enterprises to transform from virtual to real from three aspects:optimizing loan contract design strengthening penetrating supervision,maintaining asset price stability,and improving industrial investment support policies that are conducive to real investment,thereby preventing the accumulation of credit risks.关键词
企业金融化/银行信贷风险/财务风险/业务趋同风险Key words
corporate financialization/bank loan risks/financial risk/industry convergence risk分类
管理科学引用本文复制引用
蔡传里..企业金融化影响银行信贷风险的"双刃剑"效应[J].管理学刊,2026,39(1):78-92,15.
