Analysis of Financial Agglomeration Effect on Corporate Financing Behavior

Fei Fei Li; Jie Yu Huang

doi:10.4028/www.scientific.net/AMR.981.961

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HomeAdvanced Materials ResearchAdvanced Materials Research Vol. 981Analysis of Financial Agglomeration Effect on...

Analysis of Financial Agglomeration Effect on Corporate Financing Behavior

Abstract:

Financial agglomeration is the transfer and concentration of financial resources in space , this transfer and concentration can make the zone enterprises obtain financing at lower cost, particularly financial agglomeration can reduce the enterprise financing cost, time cost, and unstable financial risk cost ; then this paper uses the listing Corporation and the various provinces and cities in 2011 which issued A shares of the financial as the sample data, starting from the financial agglomeration effect on the enterprises' financing behavior as the point of empirical analysis, the results show that: the financial agglomeration degree and the enterprise financing cost is negatively related, namely the financial agglomeration reduces the financing cost.

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Periodical:

Advanced Materials Research (Volume 981)

Pages:

961-965

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.981.961

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Online since:

July 2014

Authors:

Fei Fei Li*, Jie Yu Huang

Keywords:

Financial Agglomeration, Financing Cost

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