3910 
3910财政透明是影响经济发展预期的重要原因，也是引导企业“脱虚向实”的重要前提。文章选取全国地级市财政透明得分数据，以2013-2019年中国沪深A股上市公司为样本，检验地级市财政透明度对属地企业金融化的影响、机制及其经济后果。结果发现：财政透明度每变动一个单位，会引起当地企业减持0.54%的金融资产，且财政透明不仅能降低财政政策不确定性，通过稳定企业业绩预期抑制企业金融化；还能缓解政企间信息不对称，通过增加政企间项目合作抑制企业金融化。研究结论对推进政府进一步财政公开、遏制企业“脱实向虚”、引导企业回归主业发展有重要意义。
财政透明能助力企业“脱虚向实”吗？——基于稳预期和政企合作的视角
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引用本文
王少华, 张宇茹, 陈宋生. 财政透明能助力企业“脱虚向实”吗？——基于稳预期和政企合作的视角[J]. 上海财经大学学报, 2022, 24(2): 45-60.
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