金融发展影响我国中小企业出口规模的实证研究

Empirical Study on Impact of Financial Development to Export Scale of Small and Medium-Sized Enterprises in China

基于2001—2013年我国30个省市面板数据,从金融规模、金融结构和金融效率3个角度,详细探究了金融发展与我国中小企业出口规模的关系以及影响效应。结果表明:金融规模对中小企业出口规模扩张存在显著的负向影响,金融结构对中小企业出口规模扩张产生促进作用,而金融效率指标对中小企业出口的影响不显著;政府财政支出和外商直接投资显著促进中小企业出口活动,基础设施水平一定程度上抑制了中小企业出口活动。

Based on the 2001—2012 panel data of 30 provinces in Chinese mainland,we explored the real effects that the financial development to the export of small and medium-sized enterprises-from the three angles of financial scale,financial structure and financial efficiency in China. The results show that： financial scale has a significant negative impact on the expansion of the scale of export. Financial structure has a positive effect on the export of small and medium-sized enterprises. And financial efficiency has no significant impact on export of small and medium-sized enterprises. In addition,the government financial expenditure and foreign direct investment have significantly promoted the export of small and medium-sized enterprises. But the infrastructure,to a certain extent,inhibits the export.