Analysis of Factors Influencing Corporate Financing Costs
Main Article Content
Keywords
corporate financing cost, interfering factor, innovation in financing methods, green finance, macro-economic policy
Abstract
This article reviews the literature and analyzes the mechanism of financing cost impact from four dimensions: macro environment, enterprise characteristics, financing methods, and market environment. Macroscopically, it is influenced by interest rate liberalization, monetary policy, and regulatory systems; in terms of enterprises, it depends on credit, risk, and governance structures; in terms of financing methods, new financial instruments reshape the cost structure; at the market level, it is impacted by industry differences, regional financial ecology, and geopolitical risks. Research indicates that various factors interact with each other to jointly affect financing costs. Current research exhibits limitations such as insufficient cross-market analysis, inadequate exploration of dynamic mechanisms, and a need for enhanced research on novel mechanisms. In the future, we can focus on digital transformation, the cost mechanism of green financing under the goal of carbon neutrality, the transformation of financing models in the digital economy, and the quantitative analysis of the coupling effect of multiple dimensions. This article provides a research framework for the academic community and offers references and insights for businesses and policymakers.
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