The Impact of Financial Control Power of State-owned Financial Institutions on Coordinated Regional Financial Development
Based on the Shanghai and Shenzhen A-share state-owned financial institutions from 2011 to 2020,and taking the fi-nancial control of state-owned financial institutions as the starting point,we constructed a kernel density estimation model and a panel data model to explore the evolution law of regional financial development in China and the impact of the financial control of state-owned financial institutions on coordinated regional financial development.The research found that:(1)China's financial development level has significant non-equilibrium characteristics in both financial development scale and financial development efficiency,and the evolu-tion laws of financial development scale and financial development efficiency show"similarities with differences";(2)The financial control power of state-owned financial institutions can significantly improve the scale and efficiency of financial development;(3)Het-erogeneity analysis showed that the financial control power of state-owned financial institutions promotes financial development in the eastern region by enhancing the scale of financial development,while the financial control power of state-owned financial institutions promotes financial development in the central and western regions by enhancing the efficiency of financial development.This study pro-vides a theoretical foundation and practical insights for the continuous strengthening of the financial control power of state-owned finan-cial institutions to promote coordinated regional financial development in China.
financial control powercoordinated regional financial developmentevolution law
NETL
NSTL
万方数据
维普
