摘要
以中国2013~2017年互联网金融发展、中小企业发展、中小银行对中小企业贷款余额的季度数据为研究样本,利用非结构化的向量自回归模型VAR(p)实证分析了互联网金融发展背景下,中国中小银行对中小企业发展的促进作用。研究结果显示,中国中小企业发展面临严重的融资困境,而中小银行在服务中小企业融资需求方面存在规模匹配、信息不对称程度低、业务激励强等特殊优势,因而能够通过向中小企业提供资金支持有效缓解中小企业融资约束,从而促进中小企业发展。此外,近年来中国互联网金融的快速发展倒逼中小银行加速改革创新进程,从而进一步增强了中小银行服务中小企业的意愿和能力。除外部融资渠道的助力外,中国中小企业要想实现可持续发展主要还是依靠自身积累,此外政府部门相关优惠政策的扶持也尤为重要。
This paper takes China’s 2013-2017 quarterly data of Internet financial development,small and medium-sized enterprises’(SMEs)development,small and medium-sized banks’loan balances to SMEs as the research samples,and uses the unstructured vector autoregressive model-VAR(p)to make an empirical analysis of the promotion effect of small and medium-sized banks on the development of SMEs against the background of Internet financial development.The research results show that the development of China’s SMEs faces serious financing difficulties,but they have special advantages such as scale matching,low information asymmetry and strong business incentives in serving the financing needs of SMEs;therefore,small and medium-sized banks can effectively alleviate the financing constraints of SMEs by providing financial support to SMEs,thereby promoting the development of SMEs.In addition,the rapid development of China’s Internet finance in recent years has forced small and medium-sized banks to accelerate the process of reform and innovation,and thereby further strengthen the willingness and ability of their serving SMEs.However,in addition to the assistance of external financing channels and for sustainable development,SMEs have to rely on mainly their own accumulation,and in addition,the support of preferential policies of relevant government departments are also particularly important.
作者
叶文辉
陈平
YE Wen-hui;CHEN Ping(School of Economics,Yunnan University of Finance and Economics,Kunming 650221,China)
出处
《云南民族大学学报（哲学社会科学版）》
CSSCI
北大核心
2019年第5期71-81,共11页
Journal of Yunnan Minzu University(Philosophy and Social Sciences Edition)
关键词
互联网金融
中小企业
中小银行
融资困境
Internet finance
SMEs
small and medium-sized banks
financial dilemma
