我国融资租赁业快速发展的驱动因素研究——基于设备投资与融资需求视角的分析  

A Study on Driving Factors of Chinese Booming Financial Leasing Industry:Based on Equipment Investment and Financing Demand

作　　者：周凯[1] 史燕平[1] 

机构地区：[1]对外经济贸易大学国际经济贸易学院,100029

出　　处：《上海经济研究》2016年第9期64-72,共9页Shanghai Journal of Economics

基　　金：对外经济贸易大学研究生科研创新基金"我国各省融资租赁发展差异研究"(批准文号:201521);国家社会科学基金"商品期货价格;预期通货膨胀与政策传导的微观路径研究"(批准文号:12BJY154);国家自然科学基金"中国商品挂钩债券的定价及仿真研究"(批准文号:71273282)

摘　　要：该文针对我国融资租赁行业近年来的发展状况,基于设备投资和融资需求的视角对该行业快速发展的驱动因素进行研究。该文首先从融资租赁的融资、融物特性出发,根据市场对融资租赁产品的供给需求关系,推导出影响行业发展的理论模型;其次,整理出2013-2014年我国31个省份融资租赁业的规模数据,对理论模型进行实证检验。研究结果表明,我国融资租赁业近年来的快速增长主要受社会融资需求的驱动,而不是为了满足设备投资需求,同时行业发展产生了一定的聚集效应。文章指出,为了我国融资租赁业的健康发展,应进一步完善市场融资环境,鼓励发展基于设备投资的真实租赁,并运用信息化手段加强事中事后监管,注重防范风险。This paper focuses on the driving factors of Chinese booming financial leasing industry from the perspective of equipment investment and financing demand.Firstly,based on the property of leasing and financing,a theoretical model is proposed according to the supply and demand of the leasing products.Also,the data of industry sizes in individual provinces from 2013 to 2014is collected,with which the empirical test is conducted.The results show that,with the reflected agglomeration effect,the rapid growth in recent years is mainly driven by the demand of financing rather than that of equipment investment.Finally,the following is proposed to improve financing environment,such as encouraging the true leasing based on equipment investment and strengthening the supervision in process and afterwards by information technology against risks.

关 键 词：融资租赁 设备投资 融资性需求 聚集效应 

分 类 号：F120.3[经济管理—世界经济]