摘要
本文基于金融地理学的视角,利用中国商业银行分支机构数据和中国工业企业数据库的匹配数据,实证研究了银企距离对企业出口行为的影响及其作用机制。研究发现,缩短银企距离显著促进了企业出口倾向和出口规模的提升。异质性检验表明,缩短企业与股份制商业银行地理距离的出口促进效应最强,城市商业银行和农村商业银行次之,国有大型商业银行最弱;缩短银企距离对民营企业和中西部地区企业出口的促进作用更强。影响机制检验表明,降低信息不对称和强化银企关系是缩短银企距离促进企业出口的重要渠道。进一步分析表明,缩短银企距离还对企业出口利润、出口产品质量、出口产品范围和出口持续时间产生了促进效应。
From the perspective of financial geography,this paper empirically studies the impact of borrower-lender distance on firms’export behavior and the underlying mechanism by means of the matched Chinese banking branches data and China Industry Business Performance Data.The results show that the shortening of borrower-lender distance significantly increases the probability and scale of firms’export.Heterogeneity tests show that the positive effects of shortening the geographical distance between firms and joint-stock commercial banks are the strongest,which is followed by urban commercial banks and rural commercial banks,and state-owned commercial banks are the weakest.For private firms and the firms in central and western regions,the shortening of borrower-lender distance tends to greatly promote firms’export.Reducing information asymmetry and strengthening lending relationship are important mechanisms,by which the shortening of borrower-lender distance promotes firms’export.Further analysis finds that shortening borrower-lender distance also significantly promotes firms’export profit,export quality,export product scope and export duration.
作者
金友森
许和连
Jin Yousen;Xu Helian(School of Economics&Management,Nanjing University of Science&Technology;School of Economics&Trade,Hunan University)
出处
《经济科学》
CSSCI
北大核心
2021年第5期84-98,共15页
Economic Science
基金
国家社会科学基金重大项目“‘一带一路’相关国家贸易竞争与互补关系研究”(项目编号:16ZDA038)的阶段性成果。
关键词
银企距离
银行分支机构
企业出口
borrower-lender distance
banking branches
firms’export
