暨南学报(哲学社会科学版)

作者：杨盈盈, 叶德珠

单位：安徽师范大学经济管理学院;叶德珠,暨南大学经济学院。

关键词：“老赖”,银企匹配,融资约束

基金：国家社会科学基金重点项目“金融与实体经济的结构匹配及其经济增长效应研究”(19AJY026);广东省自然科学基金面上项目“小额信贷中软信息的作用机制剖析:基于P2P网贷中借款描述的理论与实证研究”(2019A1515012064)。

新结构金融学理论指出,当银行业规模结构与企业规模结构相匹配时,方能实现银行与企业之间的信息结构与风险结构匹配,从而减少经济金融扭曲,使银行体系能有效支持实体经济。本文以“老赖”的形成为分析对象,构建银行与企业的规模结构匹配指标对此议题进行实证检验。研究发现银行与企业的规模结构匹配越好,地区老赖企业比率越低。该结论在经过内生性和稳健性检验之后依然成立。进一步的分析表明,银行与企业的规模结构匹配在国有企业和僵尸企业中比率较高、要素市场发育程度较差以及社会融资规模较小的地区作用更加显著,且具有缓解企业融资约束的作用机制。本文研究结果表明“老赖”的形成不仅仅缘于道德因素,而是有较深刻的经济逻辑背景内涵。本文从银行与企业的规模结构相适宜的视角解释了老赖企业的形成原因,为促进实体经济发展、缓解金融扭曲问题提供了经验证据与借鉴。"/>template{display:none;}.mag-rich-xref-fn { cursor: pointer;}//长视频$(document).ready(function(){if($("#showLongArticleVideo") && $("#showLongArticleVideo").length && $("#showLongArticleVideo").length>0){mag_ajax_update({ele_id:'showLongArticleVideo',url:mag_currentQikanUrl() + "/CN/article/showLongArticleVideo.do?id="+$("#articleId").val()});}});$(document).ready(function(){window.metaData = {"journal":{"issn":"1000-5072","qiKanMingCheng_CN":"暨南学报（哲学社会科学版）","id":2,"qiKanMingCheng_EN":"Jinan Journal"},"fundList_cn":["国家社会科学基金重点项目“金融与实体经济的结构匹配及其经济增长效应研究”(19AJY026);广东省自然科学基金面上项目“小额信贷中软信息的作用机制剖析:基于P2P网贷中借款描述的理论与实证研究”(2019A1515012064)。"],"article":{"keywordList_cn":["“老赖”","融资约束","银企匹配"],"juan":"43","zhaiyao_cn":"新结构金融学理论指出,当银行业规模结构与企业规模结构相匹配时,方能实现银行与企业之间的信息结构与风险结构匹配,从而减少经济金融扭曲,使银行体系能有效支持实体经济。本文以“老赖”的形成为分析对象,构建银行与企业的规模结构匹配指标对此议题进行实证检验。研究发现银行与企业的规模结构匹配越好,地区老赖企业比率越低。该结论在经过内生性和稳健性检验之后依然成立。进一步的分析表明,银行与企业的规模结构匹配在国有企业和僵尸企业中比率较高、要素市场发育程度较差以及社会融资规模较小的地区作用更加显著,且具有缓解企业融资约束的作用机制。本文研究结果表明“老赖”的形成不仅仅缘于道德因素,而是有较深刻的经济逻辑背景内涵。本文从银行与企业的规模结构相适宜的视角解释了老赖企业的形成原因,为促进实体经济发展、缓解金融扭曲问题提供了经验证据与借鉴。","endNoteUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/article/getTxtFile.do?fileType=EndNote&id=5144","reference":"","bibtexUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=BibTeX&id=5144","abstractUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/Y2021/V43/I7/116","qi":"7","id":5144,"nian":2021,"bianHao":"2021-7-116","zuoZheEn_L":"YANG Yingying, YE Dezhu","juanUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/Y2021","shouCiFaBuRiQi":"2021-07-16","qiShiYe":"116","qiUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/Y2021/V43/I7","lanMu_cn":"金融研究","pdfSize":"1349","zuoZhe_CN":"杨盈盈, 叶德珠","risUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=Ris&id=5144","title_cn":"“老赖”是如何形成的?——基于银企规模结构匹配失调的视角","jieShuYe":"132","keywordList_en":["bank-enterprise matching","Deadbeat","financing constraints"],"endNoteUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=EndNote&id=5144","zhaiyao_en":"The theory of new structural finance points out that bank-enterprise matching is conducive to realizing the structural matching of information and risks between banks and enterprises, thereby reducing economic and financial distortions, and promoting the banking system to effectively support the real economy. 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来源：2021年第7期

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