跨国银行进入、追随客户与中小企业信贷困境——基于中国在内的43个新兴市场国家的实证研究  

Entry of international banks, following customers and credit dilemma of middle and small firms——Empirical study based on 43 emerging economies including China

作　　者：周阳[1] 原雪梅[1] 

机构地区：[1]济南大学经济学院,山东济南250002

出　　处：《经济学家》2014年第11期47-57,共11页Economist

基　　金：国家社会科学基金一般项目"新兴市场国家银行部门对外直接投资(FDI)问题研究"(11BGJ009);济南大学科研基金项目"外资银行进入对中国银行业效率的影响及对策研究"(X1203)

摘　　要：依据经典的追随客户假说,本文构建了一个空间权重矩阵来研究跨国银行在新兴市场国家的扩张行为,并进而分析了跨国银行的进入是否缓解了这些国家中小企业的信贷困境问题。对中国在内的43个新兴市场国家的研究发现,跨国银行会追随本国企业的对外直接投资和国际贸易活动进入新兴市场国家,相对而言,国际贸易活动的作用更为显著。而且,跨国银行的经营行为表现出显著的空间依赖性,数据测算表明空间外溢效应至少解释了总效应的32%以上。研究并未发现跨国银行存在着对新兴市场国家优质客户进行挑选的"摘樱桃效应",相反,它们向这些国家的中小企业提供了大量贷款。According to the classical hypothesis of following customers, this paper sets up a spatial weight matrix to research the expansion behavior of international banks in the emerging markets, and further analyzes whether their entry mitigates the dif- ficulties of middle and small enterprises in credit. The study on 43 emerging economies including China finds that international banks will follow FDI and international trade of domestic firms to enter other emerging markets. Moreover, the operation behavior of international banks shows some significant spatial reliance. Data measurement shows that spatial spillover effects explains over 32% of the total effects at least. The study has not found any＂cherry- picking effects＂on choosing quality customers in emerging markets. On the contrary, they provide large amount of loans for the middle and small firms in those countries.

关 键 词：跨国银行 追随客户 空间外溢 信贷困境 

分 类 号：F830[经济管理—金融学]