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Published:2000
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Moral Risks in Turning Loan into Share[J]. Journal of Civil and Environmental Engineering, 2000, 22(4): 46-49.
DOI:
Moral Risks in Turning Loan into Share[J]. Journal of Civil and Environmental Engineering, 2000, 22(4): 46-49. DOI:
实行债权转股权是国有企业减轻债务负担的主要途径之一,但在实施过程中存在着来自企业、银行、地方政府三方面的道德风险。为规避风险,需要建立一套约束企业、银行、地方政府的机制。
Turning loan into share is one of the paths to lighten the burden of the state-owned enterprises in China. But there exist three moral risks in this process. It is necessary to establish a series of mechanism of restraining the enterprise
bank and local government to guard against it.
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