摘要
快速发展的数字金融在冲击传统金融体系的同时,也成为解决小微企业融资难的重要抓手。基于2017~2019年全国17623家企业微观调查数据,采用北大数字普惠金融指数研究数字金融对企业正规融资的影响及其作用机制,结果发现:数字金融发展对企业银行融资的促进效应大于挤出效应,尤其对企业短期银行贷款的促进效应更大,数字金融发展水平提高1%,能够带动企业短期银行贷款规模提升0.413%,降低短期贷款成本1.748%。相较于民营大中企业,数字金融对民营小微企业的短期融资有更显著的正向拉动效应。未来,应鼓励数字金融科技平台规范发展,加快传统商业银行数字化转型;推动各政府部门、各平台大数据累积和整合,着重聚焦数字金融在企业中长期贷款业务的应用;提高传统行业的产业数字化水平,拓宽数字金融的覆盖面。
The rapid development of digital finance not only impacts the traditional financial system,but also becomes an important way to solve the financing problems of SOEs.Based on the micro-survey data of 17623 enterprises from 2017 to 2019,using the Peking University Digital Financial Inclusion Index of China,this paper studies the impact of digital finance on the formal financing of enterprises and its mechanism.The results show that the promotion effect of the development of digital finance on enterprise’s bank financing is greater than the crowding out effect,especially on enterprise’s short-term bank loans.The 1% increase in the development level of digital finance can promote the scale of enterprise’s short-term bank loans by 0.413% and reduce the cost of short-term loans by 1.748%.In addition,compared with large and medium-sized private enterprises,digital finance has a more significant positive promoting effect on the short-term financing of small and micro-sized private enterprises.Next,we should encourage the standardized development of digital financial technology platforms,accelerate the digital transformation of traditional commercial banks,promote the accumulation and integration of big data in various government’s departments and platforms,focus on the application of digital finance in medium and long-term loan of enterprises,improve the industrial digitization level of traditional industries and broaden the coverage of digital finance.
作者
陈旭
赵全厚
CHEN Xu;ZHAO Quan-hou(Research Center for Finance,Chinese Academy of Fiscal Sciences,Beijing 100142,China)
出处
《经济体制改革》
CSSCI
北大核心
2022年第2期180-186,共7页
Reform of Economic System
基金
中国财政科学研究院2019年青年项目招标课题“民营企业融资支持机制研究”。
关键词
数字金融
民营企业融资
企业成本
银行数字化转型
digital finance
private enterprise financing
enterprise cost
digital transformation of banks
