中文摘要：

选取2012—2013年中国中小企业板上市公司作为研究样本,运用多元回归模型,从实证角度出发,考察了商业信用对企业成长性的影响。研究结果表明：中小企业板上市公司商业信用使用率与企业成长性正相关,即商业信用使用越多,企业的成长性越好。因此,商业信用作为外源融资的一种方式,对于中小企业板上市公司是一种融资良策。企业应当充分发挥商业信用的融资优势,提高商业信用使用率,在缓解资金压力的同时,促进企业的持续、健康发展。

英文摘要：

This paper selects 2012--2013 China small and medium enterprises listed as the study sample and studies the influence of commercial credit on enterprise growth by using multivariate regression models from an empirical perspective. The study shows that SME Board listed company＇ s business credit usage and growth of enterprises is positively related, which means the more usage commercial credit, the better enterprise growth. Therefore, as a way of external financing, commercial credit is a good financing strategy for listed companies of small and medium-sized enterprises. Enterprises should give full play to commercial credit financing advantages, improve credit usage, andpromote the sustained and healthy development of enterprises, at the same time ease financial pressures.