金融结构对地区信贷资金配置效率的影响——基于企业规模差异视角

Research of the Impact of Financial Structure on Regional Credit Capital Allocation Efficiency:View from the Enterprises' Scale Difference Perspective

基于企业规模差异视角,理论上,提高中小银行市场份额有助于提升银行信贷价格配置效率,中小银行发展越好越有利于缓解中小企业信贷融资约束。运用2010~2015年中国上市企业数据,对不同金融结构如何影响地区信贷数量及其价格配置效率进行实证检验发现,中国银行业信贷资金价格配置效率较高,但在数量配置上缺乏效率;发展中小银行将有助于提升中国银行业信贷价格配置效率,且对中小企业信贷价格配置效率的影响更明显,同时还能提升中小企业信贷资金数量配置效率水平。基于研究结论,中国应积极扶持中小银行发展,以有效提高信贷资金配置效率。

From the enterprises＇ scale difference perspective, theoretically speaking, the in- crease of the market share of SMEs will help to increase the capital allocation efficiency of bank credits and the development of SMEs will help to remove the constraints of the credit financing on SMEs. This paper attempts to analyze the impact of different financial structure on regional credit capital efficiency in quantity and price allocation firstly, and then conduct an empirical test based on China＇s listed enterprise data from 2010 to 2015. It is found that the commercial banks＇ credit allocation efficiency in price is high while the efficiency high. Furthermore, developing small and medium- sized credit allocation efficiency in price, which is more signifi prises. Besides,it will help to increase commercial quantity for SMEs. The conclusion suggests that the efficiency of credit capital allocation in China. in credit quantitative allocation is not so banks will help to improve China banks＇ cant for SMEs compared with large enter-banks＇ credit capital allocation efficiency in development of SMEs will help to improve the