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城市声誉对中国企业承担风险的影响
1School of Finance, Southwestern University of Finance and Economics, Chengdu, China.
Scientific reports
|April 10, 2024
概括
通过诸如中国国家文明城市 (NCC) 倡议等政策改善城市声誉,可以促进企业的风险承担. 这种更好的声誉改善了财务健康,降低了风险,使企业和当地经济受益.
科学领域:
- 经济学 经济学 经济学
- 城市研究 城市研究
- 工商管理 工商管理
背景情况:
- 城市的声誉对于经济发展至关重要.
- 城市声誉对微型企业的影响尚未得到充分研究.
- 中国国家文明城市 (NCC) 政策为研究城市声誉提升提供了独特的机会.
研究的目的:
- 调查城市声誉增强对企业风险承担的影响.
- 探索信息不对称性在这种关系中的调节作用.
- 确定城市声誉影响企业财务行为的道.
主要方法:
- 利用国家文明城市 (NCC) 政策作为一个准自然实验.
- 使用差异差异 (DID) 方法进行因果推理.
- 进行通道测试以检查传输机制.
主要成果:
- 采用NCC政策显著增加了企业的风险承担.
- 信息不对称性加强了城市声誉和企业承担风险之间的积极关系.
- 城市声誉的提升改善了财务状况,降低了违约风险,促进了更大的风险容忍度.
结论:
- 城市的声誉是企业承担风险的重要驱动力.
- 改善城市声誉可以提高企业的财务表现和稳定性.
- 这些发现为地方政府寻求城市声誉倡议提供经验支持,如NCC标题.
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