信贷支持、外部融资约束与战略性新兴企业成长--基于广东调研数据的实证  

Credit Support,External Financing Constraints and Growth of Strategic Emerging Enterprises —— Empirical Research Based on Investigation Data of Guangdong

作　　者：宋智文[1] 陈振权[2] 凌江怀[3] 

机构地区：[1]佛山科学技术学院,广东佛山528000 [2]广东省生产力促进中心广东广州510070 [3]华南师范大学经济与管理学院,广东广州510631

出　　处：《科技管理研究》2013年第10期246-250,共5页Science and Technology Management Research

基　　金：广东省软科学重点项目“广东省发展战略性新兴产业金融支持研究”资助课题(2011A070200010);佛山市哲学社会科学项目“佛山科技创新金融支持研究”(12-JG8)

摘　　要：以广东省问卷调研数据为依据,对战略性新兴企业成长阶段与获得的信贷支持的关系进行经验分析,结果表明,广东战略性新兴企业获得银行信贷支持的力度不够,企业所处成长阶段与信贷资金可获得性和外部融资约束之间存在相关性。经验分析蕴涵的政策含义是,应加大对战略性新兴企业融资支持的力度,融资支持政策则应向处于早期成长阶段的企业适当倾斜。The paper makes an empirical study on the relation between the growth stage of the strategic emerging enter- prises and credit support based on the investigation data of Guangdong province. The empirical analysis results show that strategic emerging enterprises do not obtain sufficient credit support , there is a correlation between the growth stage of the strategic emerging enterprises and the availability of credit funds and external financing constraint. The policy implica- tion of empirical analysis is that it is essential to strengthen financial support on strategic emerging enterprises, financial policies should tilts appropriately to the strategic emerging enterprises in the earlier growth stage.

关 键 词：信贷支持 外部融资约束 战略性新兴企业 成长阶段 

分 类 号：F832.4[经济管理—金融学]