Research On The Relationship Between Monetary Policy, Corporate Investment And Financing Behavior And Financial Crisis

Monetary policy as one of the most important macroeconomic policy should be included in the investigation and study of enterprise financial crisis in. As th e exploration of the macro economy of this new research field of micro enterpris es, this paper will monetary policy as a new focus of enterprise financial crisis, m ainly studies the relationship between monetary policy, corporate investment and financing behavior and enterprise financial crisis of the three.Through the study of this paper found that: first, monetary policy change will change the enterprise financial crisis. Monetary policy by influencing the econo mic output of the financial impact micro enterprises, second, is related to monetar y policy and enterprise investment behavior, environment loose monetary polic y under the investment is higher than that of the tightening of monetary policy u nder the environment of investment, namely in the expansion of the monetary po licy environment, enterprises are more willing to expand investment; third, the so urce of most of the enterprises external financing is bank loans, in the loose mo netary policy, enterprises easier access to debt financing from the enterprise, in t he tight monetary policy, the money supply quantity, the enterprise to obtain th e debt financing to reduce, fourth, loose monetary policy, increase the enterprise d ebt financing, corporate finance the crisis is reduced, but also the enterprise invest ment increase, offset by the positive effect of some easing of monetary policy on financial conditions; a tightening of monetary policy, the enterprise debt financingto reduce, the enterprise financial crisis rise, but the investment behavior and re duce the negative effect of a tightening of monetary policy would offset part of the enterprise’s financial situation.Through the study of this paper found that: first, monetary policy change will change the enterprise financial crisis. Monetary policy by influencing the economi c output of the financial impact micro enterprises; second,it is related to monetary behavior,enterprise environment loose monetary policy under the investment is hig her than that of the tightening of monetary policy under the environment of in vestment, namely in the expansion of the monetary policy environment, enterprise s are more willing to expand investment; third, the source of most of the enterp rises external financing is bank loans, in the loose monetary policy, enterprises ea sier access to debt financing from the enterprise, in the tight monetary policy, themoney supply quantity, the enterprise to obtain the debt financing to reduce, fourth, loose monetary policy, increase the enterprise debt financing, corporate financ e the crisis is reduced, but also the enterprise investment increase, offset by the po sitive effect of some easing of monetary policy on financial conditions; a tighteni ng of monetary policy, the enterprise debt financing to reduce, the enterprise fina ncial crisis rise, but the investment behavior and reduce the negative effect of a ti ghtening of monetary policy would offset part of the enterprise’s financial situati on.Because of my knowledge level and study ability limit, there are many shortcomings. First, study the effect of monetary policy that a macro monetary policy i ndex of micro enterprise, in the research of the financial crisis on other macroeco nomic policies and not get involved in; second, monetary policy itself has its par ticularity, in future studies, the monetary policy intermediary variable selection sho uld be further improved; third, to study on the relationship. Between regional eco nomic cycle, between the investment and financing behavior of monetary polic y, the enterprise and the financial crisis. The shortcomings of this paper hope thatthrough their own learning and improve after experts criticized the correction, co ntinuous improvement and perfection.