Investment and Loan Linkage Empowers High-quality Development of Enterprises and Banks
Based on the data of Shanghai and Shenzhen A-share High-tech SMEs in China from 2008 to 2022,this paper finds that Investment and loan Linkage promotes the total factor productivity of High-tech SMEs through technology innovation,which is stronger than traditional bank loan,and differs among different stages of the life cycle of enterprises.In addition,based on the internal data of a certain bank,this paper finds that Investment and loan Linkage decreases the credit risk and increases the growth of bank deposits.
Investment and loan linkageHigh-tech SMEsTechnology innovationHigh-quality development
NETL
NSTL
万方数据
