利率市场化对我国中小企业融资影响的实证分析
发布时间：2018-11-05 13:46
【摘要】：文章从上市企业中选取大型企业和中小企业各20家,采用2003年至2012年财务报表数据,与利率市场化指数和GDP数据进行面板数据分析。面板数据分为大型企业数据和中小企业数据两组进行分析。结果表明:利率市场化能促进企业融资,对中小企业的促进作用大于大型企业;由于中小企业自身条件差以及银行的制度限制,利率市场化对于中小企业融资的促进作用并不完全能体现;利率市场化本身也存在风险。所以,银行的服务应该更加多元和简化流程,银行以及机构要加强监管和风控。市场方面也要完善利率传递机制。这样才能在经济平稳的同时,方便中小企业高效融资,促进我国经济发展。
[Abstract]:This paper selects 20 large enterprises and 20 small and medium-sized enterprises from the listed enterprises, adopts the financial report data from 2003 to 2012, and analyzes the panel data with the interest rate marketization index and GDP data. Panel data are divided into large enterprise data and small-and medium-sized data two groups of analysis. The results show that the marketization of interest rate can promote the financing of small and medium-sized enterprises, which is more important than that of large enterprises. Due to the poor conditions of SMEs and the institutional restrictions of banks, the promotion of interest rate marketization to SME financing is not fully reflected, and there are risks in interest rate marketization itself. As a result, banks should be more diversified and streamlined, and banks and institutions should strengthen regulation and wind control. The market also wants to perfect the interest rate transmission mechanism. Only in this way can the economy be stable and convenient for SMEs to raise funds efficiently and promote the economic development of our country.
【作者单位】： 天津外国语大学国际商学院;
【基金】：天津科委战略规划项目(14ZLZLZF00069) 天津外国语大学拉美研究中心项目(14LMJJ03)
【分类号】：F832.5;F276.5;F275
，
本文编号：2312272
[Abstract]:This paper selects 20 large enterprises and 20 small and medium-sized enterprises from the listed enterprises, adopts the financial report data from 2003 to 2012, and analyzes the panel data with the interest rate marketization index and GDP data. Panel data are divided into large enterprise data and small-and medium-sized data two groups of analysis. The results show that the marketization of interest rate can promote the financing of small and medium-sized enterprises, which is more important than that of large enterprises. Due to the poor conditions of SMEs and the institutional restrictions of banks, the promotion of interest rate marketization to SME financing is not fully reflected, and there are risks in interest rate marketization itself. As a result, banks should be more diversified and streamlined, and banks and institutions should strengthen regulation and wind control. The market also wants to perfect the interest rate transmission mechanism. Only in this way can the economy be stable and convenient for SMEs to raise funds efficiently and promote the economic development of our country.
【作者单位】： 天津外国语大学国际商学院;
【基金】：天津科委战略规划项目(14ZLZLZF00069) 天津外国语大学拉美研究中心项目(14LMJJ03)
【分类号】：F832.5;F276.5;F275
，
本文编号：2312272
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