银行业市场结构对中小企业融资约束影响研究

发布时间：2018-06-07 08:53

本文选题：银行业市场结构 + 中小企业　；参考：《内蒙古大学》2017年硕士论文

【摘要】：随着中国经济的不断改革发展,中小企业成为经济转型期创新驱动的主要动力,对国民经济的贡献与日俱增。然而,中小企业由于信息不对称等原因无法充分获得满足其发展需求的外部资金,其中银行贷款的获取是中小企业发展的关键,而随着利率市场化的继续推进,金融市场的不断改革,银行业市场结构发生了重大变化。本文以此为切入点,深入探讨银行业市场结构对中小企业融资约束的影响,同时为银行业市场结构的优化改革以及突破中小企业融资约束难题提供一定的理论分析。本文首先对相关国内外文献综述进行梳理,接着对中国银行业市场结构和中小企业融资状况作了简要分析,从银行业集中度和银行业规模结构两个维度对中小企业融资约束的作用机制进行了理论分析,然后选取股权分置改革之后2006～2015年间中小企业板上市公司数据为研究样本,运用现金-现金流敏感模型,通过多元回归方法进行实证检验,得出如下结论:较低的银行业市场集中度可以缓解融资约束。城市商业银行的广泛存在对缓解这些制约因素的影响大于股份制银行的存在,而国有银行的存在影响较小。最后提出建议,为了支持中国新型经济体中小企业的发展,应该促进对中小企业发展有利的多元化区域性银行的发展。
[Abstract]:With the continuous reform and development of China's economy, small and medium-sized enterprises (SMEs) have become the main driving force of innovation in the period of economic transformation, and their contribution to the national economy is increasing. However, due to asymmetric information and other reasons, SMEs can not fully obtain external funds to meet their development needs. Among them, the acquisition of bank loans is the key to the development of SMEs, and with the further development of interest rate marketization, With the continuous reform of the financial market, the structure of the banking market has undergone major changes. This paper takes this as the starting point to probe into the influence of the banking market structure on the financing constraints of small and medium-sized enterprises, and at the same time provides a certain theoretical analysis for the optimization and reform of the banking market structure and the breakthrough of the financing constraints of small and medium-sized enterprises. This paper firstly combs the literature review at home and abroad, then makes a brief analysis on the market structure of China's banking industry and the financing situation of SMEs. This paper theoretically analyzes the mechanism of financing constraints of SMEs from the two dimensions of banking concentration and banking scale structure, and then selects the data of SME board listed companies from 2006 to 2015 as the research sample after the split share structure reform. By using the cash-cash flow sensitive model and the multivariate regression method, the author draws the following conclusions: lower banking market concentration can ease the financing constraints. The widespread existence of urban commercial banks has a greater impact on the alleviation of these constraints than the existence of joint-stock banks, while the existence of state-owned banks has little effect. Finally, it is suggested that in order to support the development of small and medium-sized enterprises in China's new economy, we should promote the development of diversified regional banks that are favorable to the development of small and medium-sized enterprises.
【学位授予单位】：内蒙古大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F276.3;F832

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