Research on the Relationship between Analyst Forecast and Chinese Listed Companies’ Long-term Use of Short-term Debt
Abstract
occur”, this study explores the mitigation mechanism of the long-term use of Short-term debt. Using the data of A-share listed
companies in Shanghai and Shenzhen from 2010 to 2021, The results show that analysts’ Forecast can significantly inhibit the
phenomenon of the long-term use of Short-term debt, and financing constraints play a partial intermediary role between them;
Under the background of the long-term construction of China’s capital market at this stage, it is of practical significance to how
to cooperate with the construction of macro capital market, provide micro guarantee and prevent major systemic financial risks.
Keywords
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DOI: http://dx.doi.org/10.18686/ahe.v6i16.5237
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