| Commercial credit financing is an ancient financial phenomenon in economic development.This historic financing method has been developing rapidly in the practice of enterprise financing in China in recent years,which has gradually become one of the important financing methods of industrial enterprises under the condition of financing constraints.The number of literatures studied by industrial enterprises is relatively thin.The business development of industrial enterprises generally has great demand for capital,and commercial credit based on business transaction basis has become one of the realistic alternative financing methods for industrial enterprises.The development of commercial credit financing in China's industrial enterprises shows the characteristics of fast growth and large amount of financing,but there are still problems such as lack of integrity,information opacity and risk accumulation.Paper based on the analysis of dupont financial model,combined with 330 a-share listed in 2012-2016 industrial enterprises financial data,using dynamic panel model and generalized moment estimation method,measurement of industrial enterprise to further expand the commercial credit financing of enterprise benefit.The empirical findings show that industrial enterprises can further expand commercial credit financing to have a positive impact.The commercial credit financing of industrial enterprises is on the left side of the inverted "U" curve.In order to further develop the commercial credit financing of industrial enterprises,the government should use its own advantages to integrate all kinds of information to build an efficient system for industrial enterprises.The bank should perfect the service system and innovate the financial products to help the industrial enterprises develop.The enterprise should build up the credibility image itself,and enhance the commercial credit financing by enhancing the core competitiveness to obtain the dominant market position. |
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