产业经济研究
產業經濟研究
산업경제연구
Industrial Economics Research
2013年
6期
66~76
,共null页
外资银行 信贷融资成本 市场竞争 技术溢出 制度溢出
外資銀行 信貸融資成本 市場競爭 技術溢齣 製度溢齣
외자은행 신대융자성본 시장경쟁 기술일출 제도일출
foreign bank ; financing cost ; competition ; technology spillovers ; institution spillovers
融资困难和融资成本高是一个长期困扰中国中小企业和民营企业发展的问题.本文采用2005 ～2010年中国31个省分规模和所有制的工业企业数据,考察了外资银行的进入对企业信贷融资成本的影响.研究发现,外资银行的进入显著降低了企业的信贷融资成本,其中,技术溢出是外资银行促使企业信贷融资成本下降的主要机制,市场竞争和制度溢出等机制的作用并不明显.同时,由于外资银行在当前阶段主要关注和维系的客户是大型国企,使得外资银行进入的主要受益者是大型企业和国有企业,中小企业和私营企业从中的获益则相对较少.
融資睏難和融資成本高是一箇長期睏擾中國中小企業和民營企業髮展的問題.本文採用2005 ～2010年中國31箇省分規模和所有製的工業企業數據,攷察瞭外資銀行的進入對企業信貸融資成本的影響.研究髮現,外資銀行的進入顯著降低瞭企業的信貸融資成本,其中,技術溢齣是外資銀行促使企業信貸融資成本下降的主要機製,市場競爭和製度溢齣等機製的作用併不明顯.同時,由于外資銀行在噹前階段主要關註和維繫的客戶是大型國企,使得外資銀行進入的主要受益者是大型企業和國有企業,中小企業和私營企業從中的穫益則相對較少.
융자곤난화융자성본고시일개장기곤우중국중소기업화민영기업발전적문제.본문채용2005 ～2010년중국31개성분규모화소유제적공업기업수거,고찰료외자은행적진입대기업신대융자성본적영향.연구발현,외자은행적진입현저강저료기업적신대융자성본,기중,기술일출시외자은행촉사기업신대융자성본하강적주요궤제,시장경쟁화제도일출등궤제적작용병불명현.동시,유우외자은행재당전계단주요관주화유계적객호시대형국기,사득외자은행진입적주요수익자시대형기업화국유기업,중소기업화사영기업종중적획익칙상대교소.
The financing constraint and extortionate financing cost are the main blocks of the growth of small-medium- sized and private enterprises in China. Using provincial panel data from 2005 to 2010, this paper investigate the effect of for- eign banks on financing cost of credit for China＇s industrial enterprises. We find that： the entry of foreign banks significantly reduce the financing cost of credit for industrial enterprises, and this is mainly attributed to the foreign banks＇ technology spill- overs, and the foreign banks＇ competitive effect and institution spillovers aren＇t visible. Meanwhile, because of the large-sized and state-owned enterprises are the main customers of foreign banks, the large-sized and state-owned enterprises get more prof- its than the small-medium-sized and private enterprises from the entry of foreign banks.
