CAJ | 학술논문

文章使用2012年世界银行中国营商环境调查所收集的民营企业一手数据, 构建Logit回归模型考察了金融市场化改革对于民营企业信贷融资的影响, 同时检验金融发展对于民营企业融资成本的影响, 进一步对法制环境、金融市场化程度对民营企业贷款的影响进行了实证分析. 研究结果表明: 整体的金融市场化程度提高有助于民营企业获得银行贷款, 法制环境的改善、地区法律体系的构建对于企业的保护程度提高能够促进企业获得银行贷款的概率, 而金融市场化对于民营企业贷款的促进作用也会通过法制环境改善的渠道来增强. 研究对于理解中国民营企业融资困境的深层次原因, 缓解民营企业外部融资困难,提高银行体系对于民营企业的信贷支持力度, 为转型经济国家制度改革的推进提供微观的经验借鉴方面具有非常重要的意义.
문장사용2012년세계은행중국영상배경조사소수집적민영기업일수수거, 구건Logit회귀모형고찰료금융시장화개혁대우민영기업신대융자적영향, 동시검험금융발전대우민영기업융자성본적영향, 진일보대법제배경、금융시장화정도대민영기업대관적영향진행료실증분석. 연구결과표명: 정체적금융시장화정도제고유조우민영기업획득은행대관, 법제배경적개선、지구법률체계적구건대우기업적보호정도제고능구촉진기업획득은행대관적개솔, 이금융시장화대우민영기업대관적촉진작용야회통과법제배경개선적거도래증강. 연구대우리해중국민영기업융자곤경적심층차원인, 완해민영기업외부융자곤난,제고은행체계대우민영기업적신대지지력도, 위전형경제국가제도개혁적추진제공미관적경험차감방면구유비상중요적의의.
This paper, using the first-hand data of the survey of Chinese business environment by world bank in 2012, building Logit regression model, investigates the influence between the financial marketization reform and the credit financing of private enterprises, tests the influence of financial development for the private enterprise financing cost, in further,analyzes whether the legal environment and financial marketization are conducive to China's private enterprises access to bank loans. The results show that: the degree of financial marketization overall helps to improve the private enterprises to obtain bank loans, legal system, legal environment, the degree of protection for enterprises helps to improve the probability to promote enterprises to obtain bank loans , and the role of financial marketization for private enterprises to promote loans will improve by enhancing legal environment. The study of this paper has very important significance on understanding the deep reason of financing difficulties of private enterprises in China , relieving external financing difficulties of private enterprises, improving the banking system for private enterprise credit support and providing transformation of economy system reform to promote the experience of the microscopic model.