银行业市场结构、融资依赖与中国制造业企业进入——最优金融结构理论视角下的经验分析

被引：29

作者：

吴晗 ^{[1
]}

段文斌 ^{[2
]}

机构：

[1] 南开大学经济学院

[2] 南开大学经济学院经济系

来源：

财贸经济 | 2015年 / 05期

关键词：

银行业市场结构; 中小银行; 企业进入; 融资依赖;

D O I：

10.19795/j.cnki.cn11-1166/f.2015.05.006

中图分类号：

F425 [工业企业组织和经营管理]; F832.4 [信贷];

学科分类号：

020205 ; 0202 ; 1201 ; 020204 ;

摘要：

本文以最优金融结构理论为视角,构建理论和实证模型探讨银行业市场结构与企业进入之间的内在联系。首先,本文建立理论模型着重研究银行业市场结构影响企业进入的微观机制,得出假说:中小银行市场份额的提升可以有效地缓解中小企业进入市场面临的融资约束,有利于中小企业进入市场。然后,本文利用2005—2009年中国工业企业数据库整理出我国30个地区24个行业的大中小规模企业进入数据,运用双向固定效应模型对其进行实证检验。结果表明中小银行的发展有利于中小企业进入市场,对大规模企业进入无显著影响;而在银行业结构不变的情况下,银行业规模扩大对大规模企业进入具有明显的促进作用,对中小企业进入并无显著影响。本文的政策含义是,提高中小银行市场份额、推动国有银行业务体系改革应是促进中小企业进入市场的重要政策内容。

引用

页码：72 / 83

页数：12

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