银行业竞争对企业产能利用率的影响研究
Research on the Impact of Banking Industry Competition on Enterprise Capacity Utilization
洪金明 1吕学振2
作者信息
- 1. 中国财政科学研究院(北京,100142)
- 2. 中国财政科学研究院
- 折叠
摘要
运用市场化机制改善企业产能利用率是推进经济高质量发展的必然要求.本文以2009-2021年A股上市公司为样本,手工收集银行业竞争数据实证考察银行业竞争对企业产能利用率的影响.研究发现,提高银行业竞争水平显著提升了企业产能利用率,稳健性检验后结论依然成立.机制分析发现,银行业竞争能够抑制企业过度投资和增加创新投入,从而提升企业产能利用率.进一步研究表明,银行业竞争能够改善产能过剩企业的产能利用率、促进外部融资需求高的企业的产能利用率和提高高管无金融背景企业的产能利用率.
Abstract
Improving enterprise capacity utilization through market-oriented mechanisms is an essential requirement for promoting high-quality economic development.This study examines the influence of banking industry competition on en-terprise capacity utilization using data collected manually from A-share listed companies during the period of 2009-2021.The findings indicate that increasing the level of banking industry competition significantly enhances enterprise capacity utilization,and this conclusion still holds after robustness tests.Mechanism analysis reveals that banking industry competi-tion can restrain excessive investment by companies and increase innovation inputs,thereby improving enterprise capacity utilization.Further analysis demonstrates that banking industry competition can improve the capacity utilization of enter-prises facing overcapacity,stimulate the capacity utilization of enterprises with high external financing demand,and en-hance the capacity utilization of enterprises whose top executives have no financial backgrounds.
关键词
银行业竞争/产能利用率/过度投资/创新投入Key words
banking competition/capacity utilization/excessive investment/innovation input引用本文复制引用
基金项目
全国统计科学优选项目(2023LY022)
出版年
2024
NETL
NSTL
万方数据