信贷支持、外部融资约束与战略性新兴企业成长--基于广东调研数据的实证

Credit Support,External Financing Constraints and Growth of Strategic Emerging Enterprises —— Empirical Research Based on Investigation Data of Guangdong

以广东省问卷调研数据为依据,对战略性新兴企业成长阶段与获得的信贷支持的关系进行经验分析,结果表明,广东战略性新兴企业获得银行信贷支持的力度不够,企业所处成长阶段与信贷资金可获得性和外部融资约束之间存在相关性。经验分析蕴涵的政策含义是,应加大对战略性新兴企业融资支持的力度,融资支持政策则应向处于早期成长阶段的企业适当倾斜。

The paper makes an empirical study on the relation between the growth stage of the strategic emerging enter- prises and credit support based on the investigation data of Guangdong province. The empirical analysis results show that strategic emerging enterprises do not obtain sufficient credit support , there is a correlation between the growth stage of the strategic emerging enterprises and the availability of credit funds and external financing constraint. The policy implica- tion of empirical analysis is that it is essential to strengthen financial support on strategic emerging enterprises, financial policies should tilts appropriately to the strategic emerging enterprises in the earlier growth stage.