银行集中度、文化适应压力与企业家精神  

Banking Concentration,Acculturation Shock and Entrepreneurship

作　　者：张雪兰[1] 杨瑞桐 ZHANG Xuelan;YANG Ruitong(Zhongnan University of Economics and Law,430073)

机构地区：[1]中南财经政法大学金融学院,430073

出　　处：《财贸经济》2022年第7期37-52,共16页Finance & Trade Economics

基　　金：中央高校基本科研项目“双循环发展格局下财政金融协同提升湖北产业创新活力问题研究”(2722021AJ015)。

摘　　要：优化银行业市场结构以激发企业家精神是金融供给侧结构性改革的题中之义。本文立足于激发企业家精神的动力视角,梳理了银行业市场结构影响企业家精神的作用机理,从交易成本、资源整合、信任水平三个层面分析了文化适应压力对银行业市场结构与企业家精神因果关联的调节作用,并基于中国家庭金融调查微观数据进行实证检验。研究结果表明:降低银行集中度能够进一步激发企业家精神;随着文化适应压力的下降,银行集中度下降对当地企业家精神的正向影响增强;银行集中度通过影响个体融资约束作用于创业概率,创业倾向因父母是否经商及风险偏好而异。因此,有必要提高中小金融机构数量和业务比重,以进一步激发企业家精神,同时金融供给侧结构性改革的推进应重视区域文化交流互鉴与开放包容。优化银行业市场结构以激发企业家精神是金融供给侧结构性改革的题中之义。本文立足于激发企业家精神的动力视角,梳理了银行业市场结构影响企业家精神的作用机理,从交易成本、资源整合、信任水平三个层面分析了文化适应压力对银行业市场结构与企业家精神因果关联的调节作用,并基于中国家庭金融调查微观数据进行实证检验。研究结果表明:降低银行集中度能够进一步激发企业家精神;随着文化适应压力的下降,银行集中度下降对当地企业家精神的正向影响增强;银行集中度通过影响个体融资约束作用于创业概率,创业倾向因父母是否经商及风险偏好而异。因此,有必要提高中小金融机构数量和业务比重,以进一步激发企业家精神,同时金融供给侧结构性改革的推进应重视区域文化交流互鉴与开放包容。Optimizing the market structure of the banking industry to stimulate entrepreneurship is key to the supply-side structural reform of the financial sector. This paper reviews the mechanism via which the banking market’s structure affects entrepreneurship via financing constraints, industry barriers, venture risk and psychological motivation, and analyzes the impact of acculturation shock on information asymmetry, the difficulty of resource integration, and the level of trust, which in turn affects the causal relationship between the banking market’s structure and entrepreneurship. Based on the microdata of the Chinese Household Finance Survey(CHFS), it is found that reducing banking concentration can stimulate entrepreneurship, and as acculturation shock decreases, the decline in banking concentration has a stronger positive impact on local entrepreneurship. Further research has identified the mediating role of individual financing costs, and the entrepreneurial propensity varies depending on whether the individuals have entrepreneurial parents and their risk preferences. Therefore, it is necessary to increase the quantities of small-and medium-sized financial institutions and the proportion of their businesses to further stimulate entrepreneurship, and while advancing the supply-side structural reform of the financial sector, we should pay attention to regional cultural exchanges, mutual learning, openness and inclusiveness.

关 键 词：银行集中度 企业家精神 文化适应压力 融资约束 

分 类 号：F832.1[经济管理—金融学]