供应商集中度、市场化进程与银行信贷

Supplier Concentration,Marketization Process and Bank Credit

以2007—2019年中国沪深A股上市公司为样本,研究供应商集中度与银行信贷之间的关系,并检验市场化进程的差异性对供应商集中度与银行信贷之间关系的影响。结果表明:供应商集中度与银行信贷之间呈非线性的倒U型关系,即随供应商集中度水平的提高,企业获取的银行信贷呈先增加后减少的变化趋势;相对于市场化程度高的地区,市场化程度较低的地区供应商集中度与企业银行信贷之间的关系更敏感。

The data of China Shanghai and Shenzhen A-share listed companies from 2007 to 2019 was used as samples to study the relationship between supplier concentration and bank credit,and to test the influence of the difference of marketization process on the relationship between supplier concentration and bank credit.The result indicates that there is a nonlinear inverted U-shaped relationship between supplier concentration and bank credit,as the level of supplier concentration increases,the bank credit acquired by enterprises shows a trend of first increa-sing and then decreasing.Compared to regions with high marketization,the relationship between supplier concentration and bank credit is more sensitive in the regions with low marketization.