摘要
本文采用精确断点回归方法研究“专精特新”政策是否对中国中小企业的中长期贷款可得性产生影响。研究发现,“市场占有率排名”门槛提高了中小企业来源于正式渠道的中长期贷款可得性,“进入细分市场的时间”门槛对中小企业从正式渠道获得中长期贷款有抑制作用;“主营业务收入平均增长率”门槛显著提升了中小企业中长期贷款可得性,“净利润平均增长率”门槛的影响效果不明显;“发明专利数量”门槛和“实用新型外观设计专利数量”门槛对中小企业中长期贷款可得性均有显著的提升效果。
This paper uses the Sharp Regression Discontinuityto study whether the"Specialized,Refined,Differential and Innovation"(SRDI)policy has an impact on the availability of the medium and long-term loans for small and medium-sized enterprises in China.It is found that the threshold of"market share ranking"increases the availability of medium and long-term loans from formal channels for the enterprises,but the threshold of"time to enter segmented markets"has a in-hibitory effect on the enterprises obtaining medium and long-term loans from formal channels;the threshold of"average growth rate of main business income"si significantly improves the availability of medium and long-term loans for enterprises,while the impact of the threshold of"average growth rate of net profit"is not significant;both the threshold of"number of invention patents"and the threshold of"number of utility model patents and design patents"have significant improvement effect on the availability of medium and long-term loans for enterprises.
作者
金成晓
于家齐
JIN Cheng-xiao;YU Jia-qi
出处
《金融论坛》
北大核心
2023年第6期3-14,共12页
Finance Forum
基金
国家社科基金重大项目“新发展格局下中国经济韧性的形成机理、动态评价与政策协同研究”(21&ZD073)
国家社科基金重点项目“经济下行压力下的稳增长防滞胀研究”(22AJL016)。
关键词
专精特新
中长期贷款
中小企业
精确断点回归
SRDI
medium and long-term loans
small and medium-sized enterprise
sharp regression discontinuity
