金融科技赋能能否缓解小微企业信贷供求错配——基于信贷供给侧和需求侧的实证检验  

Whether Fintech Empowerment Alleviates the Mismatch of Credit Supply and Demand of SMEs-Empirical Test Based on the Supply and Demand Sides of Credit

作　　者：文学舟 汪晶晶 俞园园 Wen Xuezhou;Wang Jingjing;Yu Yuanyuan(School of Business,Jiangnan University)

机构地区：[1]江南大学商学院

出　　处：《调研世界》2024年第10期60-73,共14页The World of Survey and Research

基　　金：国家社会科学基金项目“金融科技破解小微企业信贷供求错配困境的作用机制及实现路径研究”(22BGL065)的资助。

摘　　要：银企间信贷供求错配会阻碍我国实体经济发展,是小微企业信贷领域亟需解决的问题,而金融科技赋能可为解决小微企业信贷供求错配提供新思路。本文基于全国东、中、西部及东北地区的513份银行问卷和2075份企业问卷,分别构建信贷供给侧“金融科技赋能—风险管理—信贷供求错配”和信贷需求侧“金融科技赋能—信息披露—信贷供求错配”的中介模型,并检验信贷政策支持在双边的调节作用。研究结果显示:无论是银行还是企业,金融科技赋能均可缓解小微企业信贷供求错配;信贷供给侧银行的风险管理以及信贷需求侧企业的信息披露分别在其中起到了中介作用;与此同时,信贷政策支持通过强化金融科技赋能对小微企业信贷供求错配的负向影响而起到了调节作用。因此,应鼓励金融科技创新发展并推进信贷政策落实,银行和企业应主动进行数字化转型,提高自身数字化应用水平,以最大程度发挥金融科技赋能对小微企业信贷供求错配的缓释作用,推动实体经济健康发展。The mismatch of credit supply and demand between banks and enterprises is an urgent problem to be solved in the credit field of small and micro enterprises(SMEs),as it will hinder the development of China’s real economy.Fintech empowerment can provide new ideas to solve the problem of credit supply and demand mismatch for SMEs.This study is based on 513 bank questionnaires and 2075 enterprise questionnaires from the eastern,central,western,and northeastern regions of China.It constructs an intermediary model of“Fintech empowerment-risk management-mismatch of credit supply and demand”on the supply side of credit and“Fintech empowerment-information disclosure-mismatch of credit supply and demand”on the demand side,respectively,and tests the regulatory role of credit policy support on both sides.The research results show that both for banks and enterprises,Fintech empowerment can alleviate the mismatch of credit supply and demand.The risk management of banks on the supply side of credit and the information disclosure of enterprises on the demand side of credit play an intermediary role respectively.At the same time,credit policy support plays a regulatory role by strengthening the negative impact of Fintech empowerment on the mismatch of credit supply and demand.Therefore,the government should encourage the innovative development of Fintech and promote the implementation of credit policies.Banks and enterprises should take the initiative to carry out digital transformation,improve their digital application level,maximize the mitigation effect of Fintech empowerment on credit mismatch of SMEs,and promote the healthy development of the real economy.

关 键 词：金融科技赋能 信贷供求错配 风险管理 信息披露 信贷政策支持 

分 类 号：F832.4[经济管理—金融学]