摘要
基于中国沪深A股制造业上市公司2004—2020年的数据,以城市商业银行的设立为一个准自然实验,构建多期双重差分模型,检验城商行设立对地方制造业企业高质量发展的影响。研究表明:第一,城商行设立显著促进地方制造业企业高质量发展,尤其对劳动密集型和资本密集型制造业企业的促进作用更强。第二,城商行设立通过提高地区信贷规模与FDI流入、促进制造业企业的投资水平与创新水平,推动地方制造业企业高质量发展。第三,城商行设立带来的积极效应集中在地区市场化程度较高的地方制造业企业,以及中小规模、与银行关系密切的制造业企业。因此,城市应充分利用城商行带来的优质资源,促进制造业企业的投资与创新,实现地方制造业企业的高质量发展。
Based on the data of Shanghai and Shenzhen A-share manufacturing listed companies from 2004 to 2020,taking the establishment of City Commercial Banks(CCB)as a quasi-natural experiment,a multi-period differencein-differences model is constructed to test the influence of the establishment of CCB on the high-quality development of local manufacturing enterprises.The research shows that:first,the establishment of CCB has a significant role in promoting the high-quality development of local manufacturing enterprises,especially for labor-intensive and capitalintensive manufacturing enterprises;second,the establishment of CCB promotes the high-quality development of local manufacturing enterprises by improving the regional credit scale and FDI inflow,promoting the investment level and innovation level of manufacturing enterprises;third,the positive effects brought by the CCB are concentrated in the regions with higher marketization degree,as well as small and medium-sized manufacturing enterprises which are closely related to banks.Therefore,cities should make full use of the high-quality resources brought by CCB,and promote the investment and innovation ability of manufacturing enterprises,so as to achieve the high-quality development of local manufacturing enterprises.
作者
陈阳
黄雅妮
CHEN Yang;HUANG Ya-ni(College of Economics and Management,Qingdao University of Science and Technology,Qingdao 266061,China)
出处
《青岛科技大学学报（社会科学版）》
2024年第1期35-47,共13页
Journal of Qingdao University of Science and Technology(Social Sciences)
基金
山东省自然科学基金项目(ZR2022MG072)
山东省社会科学规划研究项目(21CJJJ17)
青岛社会科学规划项目(QDSKL2201229)。
关键词
城市商业银行
制造业企业高质量发展
多期双重差分模型
融资约束
City Commercial Banks
high-quality development of manufacturing enterprises
multi-period difference-in-differences model
financing constraints
