Abstract Adopting the listed private enterprises during 1998 to 2011 as samples, this paper empirically studies the relationship among the long-term loan contract and the ratio of state-owned shares when IPO and its subsequent changes in next year, and the accounting information. It finds that: (1) the higher the proportion of state-owned shares in the IPO year, the lower requirement for enterprise assets guarantee ability and accounting surplus robustness when private enterprises achieve long-term loan contracts; (2) in the next year after IPO, the more state-owned shares increase, the lower requirement for enterprise assets guarantee ability and accounting surplus robustness when private enterprises achieve incremental long-term loan contracts.
BO Ke-Qi. State Property, Accounting Information, and Long-term Loan Contract — An Empirical Study Based on Ratio of State-owned Shares of Private Enterprise. Economic Survey, 2014, 31(6): 0114.
2014, Vol. 31 
