Abstract：
This paper analyzes the influence of trade credit financing on the real economy from the perspective of investment so as to provide the evidence of short-term trade credit financing promoting economic growth. Based on the sample of listed companies in 2007-2012, we study the influence of the trade credit financing on investment. The empirical study shows that the use of trade credit of listed companies in China promotes the fixed assets, intangible assets and projects under construction; state-owned listed companies obtain more trade credit, but can’t improve investment that trade credit leads to, private listed companies get less trade credit financing, but the use of trade credit financing significantly improves the investment spending.
2014 
