The Influence of the Enterprise’s Market Power on its Availability for Trade Credit and Bank Credit Financing - Based on the Empirical Test about the Listed Companies of Electrical Energy

Dan Wu; Yan Luo

doi:10.4028/www.scientific.net/AMM.687-691.4794

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The Influence of the Enterprise’s Market Power on its Availability for Trade Credit and Bank Credit Financing - Based on the Empirical Test about the Listed Companies of Electrical Energy
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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 687-691The Influence of the Enterprise’s Market Power on...

The Influence of the Enterprise’s Market Power on its Availability for Trade Credit and Bank Credit Financing - Based on the Empirical Test about the Listed Companies of Electrical Energy

Abstract:

The paper, sampling the data from A-shares listed companies of electrical energy during the period of 2009 to 2012, checks out the influence of the enterprise’s market power on its capacity for trade credit and bank credit financing. The paper tries to find out the internal relationship among them by building linear regression models of the explained variable, Credit, the explaining variable, MP, and the control variables, SIZE, EBIT, LIQ, CFO, SBA and SBA*MP. In the study, we find that the target customers of trade credits and bank loans are almost enterprises with a high market power.

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Periodical:

Applied Mechanics and Materials (Volumes 687-691)

Pages:

4794-4798

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.687-691.4794

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Online since:

November 2014

Authors:

Dan Wu, Yan Luo

Keywords:

Bank Credit Financing, Market Power, Trade Credits

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References

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