4) monetary contractions
银根紧缩
1.
The results demonstrate that,during monetary contractions periods,non-state listed companies will suffer financing problems,and the growth of leverage ratio slows down,especially the ratio of long-term debt to asset.
论文的研究结果表明,在银根紧缩的情况下,民营上市公司的负债增长率明显放缓,长期借款增长率的下降尤为明显,而同期国有上市公司的长期借款依然保持较快增长。
补充资料:紧缩
缩小;压缩:~开支ㄧ~机构。
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