Does banking competition alleviate or worsen credit constraints faced by small- and medium-sized enterprises? Evidence from China

被引：463

作者：

Chong, Terence Tai-Leung ^{[1
]}

Lu, Liping ^{[2
]}

Ongena, Steven ^{[2
]}

机构：

[1] Chinese Univ Hong Kong, Dept Econ, Hong Kong, Hong Kong, Peoples R China

[2] Tilburg Univ, CentER, NL-5000 LE Tilburg, Netherlands

来源：

JOURNAL OF BANKING & FINANCE | 2013年 / 37卷 / 09期

基金：

中国国家自然科学基金;

关键词：

Banking competition; SME financing; Credit constraints; FINANCING CONSTRAINTS; SMALL FIRMS; INFORMATION; GROWTH; DISTANCE; ASTERISK; ACCESS; IMPACT; LEVEL;

D O I：

10.1016/j.jbankfin.2013.05.006

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Banking competition may enhance or hinder the financing of small and medium-sized enterprises. Using a survey on the financing of such enterprises in China, combined with detailed bank branch information, we investigate how concentration in local banking market affects the availability of credit. We find that lower market concentration alleviates financing constraints. The widespread presence of joint-stock banks has a larger effect on alleviating these constraints, than the presence of city commercial banks, while the presence of state-owned banks has a smaller effect. Crown Copyright (c) 2013 Published by Elsevier B.V. All rights reserved.

引用

页码：3412 / 3424

页数：13

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