摘要
银行是企业最重要的融资渠道之一,是经济增长的重要引擎,但是不同国家的银行业结构却迥然不同。新结构金融学认为,最优银行业结构应当能满足实体经济中不同市场主体发展的需要,精准提供金融支持才能更好的促进经济增长。本文基于1998-2013年的省际面板数据,尝试从银行业规模结构与企业规模结构相互匹配的视角进行探讨并实证检验银企匹配度与地区经济增长之间的关系。研究发现:银行业结构(不同规模银行的分布)与由产业结构决定的企业规模结构(不同规模企业的分布)之间的匹配程度越高,经济增长越好。进一步研究发现,在社会融资规模较小、僵尸企业比率较高以及信贷资金分配市场化水平较低的情况下,银企匹配对经济增长的促进作用更加显著。因此提升我国银行业的整体效率,应当从改善银行业结构着手,充分发挥不同规模的银行在融资特性及适合的融资对象等方面各自的比较优势。
Banks are one of the most important financing channels for enterprises and an important engine of economic growth,but the structure of the banking industry in different countries is quite different.New structure finance believes that the optimal banking structure should be able to meet the development needs of different market entities in the real economy,and only by accurately providing financial support can it better promote economic growth.Based on the inter-provincial panel data from 1998 to 2013,this article attempts to explore and empirically test the relationship between bank-enterprise matching and regional economic growth from the perspective of the matching of the banking scale structure and corporate scale structure.The study found that the higher the matching degree between the banking structure(the distribution of banks of different sizes)and the enterprise scale structure determined by the industrial structure(the distribution of enterprises of different sizes),the better the economic growth.Further research found that in the context of a small scale of social financing,a high ratio of zombie companies,and a low level of marketization of credit fund allocation,bank-enterprise matching has a more significant role in promoting economic growth.Therefore,to improve the overall efficiency of our country’s banking industry,we should start from improving the structure of the banking industry,and give full play to the comparative advantages of banks of different sizes in terms of financing characteristics and suitable financing objects.
作者
叶德珠
杨盈盈
叶显
潘爽
Ye Dezhu;Yang Yingying;Ye Xian;Pan Shuang(不详)
出处
《经济问题探索》
CSSCI
北大核心
2021年第2期178-190,共13页
Inquiry Into Economic Issues
基金
国家社会科学基金重大项目“金融与实体经济的结构匹配及其经济增长效应研究”(19AJY026),项目负责人:叶德珠
关键词
新结构金融学
最优银行业结构
结构匹配
经济增长
New structural finance
Optimal banking structure
Matching degree
Economic development
