摘要
本文通过不同地区不同产权性质上市公司银行贷款的差异检验了银行业竞争与企业外部融资之间的关系。研究表明,对于短期贷款,无论是国有企业还是非国有企业,与银行业竞争之间都是一种U型曲线的关系,短期贷款随着银行业竞争程度的提高而下降,下降速度逐渐变慢;对于长期贷款,非国有企业的贷款与银行业竞争之间是一种倒U型曲线的关系,长期贷款随着银行业竞争程度的提高而上升,上升速度逐渐变慢,国有企业的长期贷款受银行业竞争的影响则不显著。实证结论说明银行业竞争程度的提高可以改善非国有企业在长期贷款方面所遭受的信贷歧视。
This paper examines the relationship between the competition in banking sector and the external financing of enter- prises by the difference in the loans of listed companies with various property nature in different regions. The results show that, as far as short-term loans are concerned and whether the enterprises are state-owned or not, there is a U-curve relationship be- tween the loans and the competition in banking sector, which means the short-term loans are reduced with the increase in com- petition in banking sector, but the speed gradually slows down; as far as long-term loans are concerned, there is an inverted U- curve relationship between the loans of the non-state-owned enterprises and the competition in banking sector, which means the long-term loans are added with the increase in competition in banking sector and the speed gradually slows down, but the long- term loans of the state-owned enterprises are not significantly affected by the competition. The empirical results illustrate that the increase in competition in banking sector can reduce the credit discrimination suffered by non-state-owned enterprises in long-term loans.
出处
《金融论坛》
CSSCI
北大核心
2013年第2期10-15,共6页
Finance Forum
基金
河南省科学技术研究重点项目"河南省金融结构优化及其对经济增长支持的研究"(12A630064)
关键词
银行业竞争
上市公司
短期贷款
长期贷款
债务融资
信贷歧视
competition in banking sector, listed company
short-term loan
long-term loan
debt financing
credit discrimination
