On the Bank-share Holding,Investment Efficiency and Debt Financing of Company
基于1999-2008年A股上市公司数据，发现银行持股公司的债务融资与投资效率的关联性更强，表明银行持股缓解了股东与债权人利益冲突，提高了信贷配置效率。
The impact of the relationship between bank and company on the debt financing of the company is an important part of the research of improving credit allocation.Based on the sample of A-share listed companies during 1999-2008,this paper finds that compared to non bank-share holding companies,the sensibility between debt financing and investment efficiency of the bank-share holding companies is higher.The results imply that due to the influence of alleviated interest conflict between shareholders and debt lenders on investment behavior, the bank-share holding increases credit allocation efficiency.