摘要
本文对位于集群环境下和非集群环境下企业融资渠道及融资质量的差异性进行了相应的分析,并运用非参数检验和Logistics回归,对两地区中小企业融资渠道和融资质量进行了实证研究。同时为加强实证研究的解释,对部分样本企业进行了焦点访谈。研究结果表明,集群环境下的中小企业与非集群环境下的中小企业在私人借贷和风险投资等融资渠道方面没有显著差异,而银行融资存在较大的差异。同时,从各种渠道的融资质量看,集群地区的银行融资质量明显要高于非集群地区的融资质量。
The author of this paper analyzed he different external accesses to capital and its financial quality based on literature review, by using non--parameter analysis and logistics regression, empirically studying the discrepancy of access to capital and financial quality in clusters and non--clusters environ- ment. We hold focus discussion with sample companies in order to deeply explore the results. The empirical study indicates that there is little difference on private financing and venture financing of SMEs both in clusters and non--clusters, but SMEs in clusters have significant advantage of bank financing over others in non--clusters. Meanwhile, on quality of bank financing, SMEs in clusters also show a comparative dominance.
出处
《经济管理》
CSSCI
北大核心
2008年第18期14-21,共8页
Business and Management Journal ( BMJ )
基金
国家自然科学基金项目"相关利益导向及制度嵌入型物流网络结构和绩效"(70772088)
国家社会科学基金项目"供应链管理国际化下的企业关系研究"(08BJY078)
关键词
集群与非集群
融资渠道
融资质量
中小企业
clusters and non--clusters
access to capital
financing quality
SMEs
