银行业竞争能否提升城市创业活力?——基于信贷可得性与信贷配置效率的双重视角  

Can Banking Sector Competition Increase Urban Entrepreneurial Vitality?——From the Dual Perspectives of Credit Availability and Credit Allocation Efficiency

作　　者：李晓龙 刘明宇 LI Xiao-long;LIU Ming-yu(School of Applied Economics,Guizhou University of Finance and Economics,Guiyang 550025,China)

机构地区：[1]贵州财经大学应用经济学院,贵阳550025

出　　处：《研究与发展管理》2024年第6期124-136,共13页R&D Management

基　　金：国家社会科学基金青年项目“数字普惠金融缓解城乡资本错配的机理、效应与路径研究”(21CJY004)。

摘　　要：加快银行业市场化改革、引导银行业充分竞争,提供更加优质、高效的信贷服务,是提升城市创业活力的重要支撑。本文利用中国地级城市面板数据,从信贷可得性与信贷配置效率的双重视角,系统考察银行业竞争对城市创业活力的影响。研究发现:银行业竞争对于城市创业活力具有显著的提升作用,采用工具变量法处理内生性问题后,结果依然支持这一结论。机制检验表明,银行业竞争可以通过增加信贷可得性和改善信贷配置效率两种机制提升城市创业活力。异质性检验发现,银行业竞争对城市创业活力的提升作用因城市地理位置、规模大小和经济国有化程度不同而具有明显差异,在南方城市、规模较大和经济国有化程度较低的城市要强于北方城市、规模较小和经济国有化程度较高的城市。进一步构建门槛模型检验发现,信贷可得性和信贷配置效率对城市创业活力的影响受到银行业竞争程度的制约,即存在银行业竞争的门槛效应。研究结论丰富了金融支持创业的相关研究,为中国持续推进银行业市场化改革提供了相应参考。Accelerating the market-oriented reform of the banking industry,guiding the full competition of the banking industry,and providing higher-quality and more efficient credit services are important supports for enhancing the entrepreneurial vitality of cities.It utilized the panel data of prefecture-level cities in China,and systematically examined the impact of banking sector competition on urban entrepreneurial vitality from the dual perspectives of credit availability and credit allocation efficiency.It finds that banking sector competition has a significant positive impact on urban entrepreneurial vitality.After using instrumental variable method to deal with endogeneity issues,the result still supports this conclusion.The mechanism test shows that banking sector competition boosts urban entrepreneurial vitality through two mechanisms of increasing the credit availability and improving credit allocation efficiency.The heterogeneity test shows that the boosting effect of banking sector competition on urban entrepreneurial vitality varies significantly,being stronger in southern cities,larger cities,and cities with lower degree of economic nationalization than those in northern cities,smaller cities,and cities with higher degree of economic nationalization.Furthermore,a threshold model was constructed and it found that the impact of credit availability and credit allocation efficiency on urban entrepreneurial vitality is constrained by the degree of banking sector competition,indicating the existence of a threshold effect of banking sector competition.The conclusions enrich the related research on financial support for entrepreneurship and provide corresponding reference for China’s continuous push for market-oriented reform of the banking sector.

关 键 词：银行业竞争 城市创业活力 信贷配置效率 信贷可得性 融资约束 

分 类 号：F832[经济管理—金融学]