Analysis of Financial Agglomeration Effect on Corporate Financing Behavior
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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.