摘要 | 第3-4页 |
Abstract | 第4页 |
1 Introduction | 第9-17页 |
1.1 Background and Research Significance | 第9-11页 |
1.2 Literature Review | 第11-15页 |
1.2.1 Research on Effect of Monetary Policy on Corporate Financing | 第11-13页 |
1.2.2 Research on Effect of Investor Sentiment on Corporate Financing | 第13-15页 |
1.3 Research Framework and Innovation | 第15-17页 |
1.3.1 Main Research Contents and Technology Route | 第15-16页 |
1.3.2 Innovation | 第16-17页 |
2 Theoretical Basis of the Relationship among Monetary Policy, Investor Sentiment and Corporate Financing Constraints | 第17-27页 |
2.1 Relevant Concepts Definition | 第17-18页 |
2.1.1 Definition of Financing Constraints | 第17页 |
2.1.2 Definition of Investor Sentiment | 第17-18页 |
2.2 The Effect of Monetary Policy Transmission Channels on Financing Costs | 第18-22页 |
2.2.1 Interest Rate Channel | 第19-20页 |
2.2.2 Credit Channel | 第20-21页 |
2.2.3 Asset Price Channel | 第21-22页 |
2.3 Effect of Investor Sentiment on Corporate Financing | 第22-27页 |
2.3.1 Stock Price Effect of Equity Financing | 第24页 |
2.3.2 Manager Catering Effect | 第24-25页 |
2.3.3 Mediating Effect of Managerial Optimism | 第25-26页 |
2.3.4 Mediating Effect of Credit Financing | 第26-27页 |
3 The Empirical Analysis on the Effect of Monetary Policy, Investor Sentiment on Corporate Financing Constraints | 第27-38页 |
3.1 Selection and Measurement of Variables | 第27-33页 |
3.1.1 Measuring Financing Constraints | 第27页 |
3.1.2 Measuring Investor Sentiment | 第27-31页 |
3.1.3 Measuring Monetary Policy | 第31-33页 |
3.2 Design of Empirical Model | 第33-34页 |
3.3 Sources of Data and Descriptive Statistics Analysis | 第34-36页 |
3.3.1 Sources of Data | 第34页 |
3.3.2 Descriptive Statistical Analysis | 第34-36页 |
3.4 Regression Results and Analysis | 第36-38页 |
4 Conclusion and Policy Suggestion | 第38-41页 |
4.1 Main Conclusion | 第38-39页 |
4.2 Policy Suggestions | 第39页 |
4.2.1 Enhance Government Regulation of New Financing Platforms | 第39页 |
4.2.2 Guiding Investor Sentiment by the Government | 第39页 |
4.2.3 Reduce Firms Financing Risks and Costs | 第39页 |
4.3 Inadequacies and Outlook | 第39-41页 |
References | 第41-46页 |