市场环境、参股银行业与企业银行贷款

解维敏, 桑凌

系统工程理论与实践 ›› 2020, Vol. 40 ›› Issue (4) : 863-874.

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系统工程理论与实践 ›› 2020, Vol. 40 ›› Issue (4) : 863-874. DOI: 10.12011/1000-6788-2020-0016-12
论文

市场环境、参股银行业与企业银行贷款

    解维敏1,2, 桑凌1
作者信息 +

Market environment, holding shares of banking industry and bank loans

    XIE Weimin1,2, SANG Ling1
Author information +
文章历史 +

摘要

本文以2007-2016年我国A股非金融类上市公司为样本，理论分析和实证检验了地区市场环境对企业参股银行业的影响，并进一步考察了参股银行业对企业银行贷款的影响.研究结果表明，地区市场环境影响了企业参股银行业的意愿和行为，在市场环境较差的地区，企业更有可能选择参股银行业.与没有参股银行业的企业相比，参股银行业的企业能够获得更多的银行贷款，而且其贷款成本更低.进一步研究发现，参股银行业对企业银行贷款的影响，在那些处于市场环境较差地区的企业中体现得更为明显.本文研究结论揭示了在市场环境不完善的制度背景下，企业建立与银行之间的股权关联的行为动机和经济后果.

Abstract

Using the samples from Chinese non-financial A-share listed companies of 2007-2016, this paper conducts the theoretical analysis and empirical test of the impact of the regional market environment on firms' holding shares of banking industry. Further, this paper investigates the effect of the holding shares of banking industry on bank loans. The empirical results show that regional market environment affects the willingness and behavior of firms' holding shares of banking industry, and firms in the regions with poor regional market environment are more likely to hold shares of banks. Compared with firms that do not hold shares of banking industry, firms with holding shares of banking industry can get more bank loans, and the loan costs are lower. Further, the impact of firms' holding shares of banking industry on bank loans is more significant for firms located in regions with the poor market environment. The research conclusions of this paper reveal the behavioral motivations and economic consequences of firms building equity connections with banks under the institutional background of the imperfect market environment.

关键词

市场环境 / 企业参股银行业 / 银企关系 / 银行贷款

Key words

market environment / holding shares of banking industry / bank-firm relationship / bank loans

引用本文

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解维敏 , 桑凌. 市场环境、参股银行业与企业银行贷款. 系统工程理论与实践, 2020, 40(4): 863-874 https://doi.org/10.12011/1000-6788-2020-0016-12
XIE Weimin , SANG Ling. Market environment, holding shares of banking industry and bank loans. Systems Engineering - Theory & Practice, 2020, 40(4): 863-874 https://doi.org/10.12011/1000-6788-2020-0016-12
中图分类号： F275   

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基金

辽宁省高等学校创新人才支持计划（WR2019009）；辽宁省教育厅科学研究项目（LN2019Q20）
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