融资约束、金融发展与我国企业出口产品质量——基于银行信贷和商业信贷的双重视角  

Credit Constraints,Financial Development and Export Product's Quality of Chinese Enterprises from the Perspective of Bank Credit and Commercial Credit

作　　者：陈清萍[1,2] 鲍晓华[1] 

机构地区：[1]上海财经大学国际工商管理学院,上海200433 [2]安徽财经大学国际经济贸易学院,安徽蚌埠233030

出　　处：《现代财经（天津财经大学学报）》2014年第5期36-46,83,共12页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

基　　金：国家自然科学基金项目(71273161);上海财经大学研究生创新基金项目(CXJJ-2013-331)

摘　　要：将银行信贷和商业信贷纳入统一的分析框架,使用中国2000-2006年的企业—产品—目的地—年份的四维出口数据,研究融资约束与金融发展对企业出口产品质量的影响。结果发现:银行信贷和商业信贷均制约着企业出口产品质量的提高,而地区金融发展能够同时改善两种融资约束并对企业出口产品质量产生积极影响,并且金融发展对于私营企业出口产品质量的提升效应最为明显,国有企业其次,外资企业最小。研究结论不仅有助于理解中国出口长期锁定于低端产品的现状,而且为相关部门金融改革和对外贸易政策提供了实证支持。This paper utilizes the export data of Chinese firm, product, destination and year over the period 2000-2006 and discusses the effect of credit constraints and financial development on export product＇s quality of enterprises in perspective of bank credit and commercial credit, and concludes. First, both bank and commercial credit constraints influence export product＇s quality negatively, and regional financial development improves export producfs quality significantly by alleviating both constraints, but mainly through bank credit; Second, the impact of provincial financial development on export quality depends on the ownerships of enterprises. In other words, the impact on private ones is the biggest, state-owned ones the second, and foreign-funded ones the least. The conclusion helps us understand why China has been exporting low quality products for a long time and puts forward the empirical support in formulating related financial development and international trade policies.

关 键 词：银行信贷 商业信贷 金融发展 产品质量 私营企业 

分 类 号：F830.33[经济管理—金融学]