The Scale of Small and Medium-sized Banks,Local Government Debt,and Entrepreneurial Vitality
Improving entrepreneurial vitality has become an important driving force in promoting high-quality economic development.This paper uses panel data from 29 provinces,municipalities and autonomous regions across the country from 2005 to 2019,uses the assets of local commercial banks and joint-stock commercial banks and their proportion of total banking industry assets to reflect the scale of small and medium-sized banks,and studies its impact on regional entrepreneurial vitali-ty.The results show that the expansion of the scale of small and medium-sized banks can effectively promote entrepreneurial vitality.Local commercial banks are driven by local governments'develop-ment preferences to promote entrepreneurship by increasing credit availability,while joint-stock com-mercial banks are promoting entrepreneurship by increasing bank competition due to their high de-gree of marketization.Heterogeneity analysis found that the expansion of the scale of small and medi-um-sized banks promoted survival entrepreneurship more than opportunity-based entrepreneurship.In addition,before the restrictions on the number of branches of small and medium-sized banks were relaxed,the expansion of the scale of small and medium-sized banks had no impact on entrepreneur-ship.After the restrictions were relaxed,the expansion played a significant promoting role.Finally,local government debt crowds out the entrepreneurial effects of the expansion of local commercial banks,but it does not have an impact on the promotion of entrepreneurship by joint-stock banks.
scale of small and medium-sized banksentrepreneurial vitalitylocal government debtcredit accessibilitybank competition
NETL
NSTL
万方数据
