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2607深化金融体制改革，增强金融服务实体经济的能力，是当下各界关注的焦点。结合中国经济下行压力尚在的现实情境，基于“润泽实体”和“加剧虚拟”的竞争性视角，本文考察放松银行准入管制引发的商业银行网点扩张对实体企业“脱实向虚”的影响效应及作用机理。研究发现，商业银行网点扩张显著加剧了实体企业“脱实向虚”，且上述效应在民营企业及规模较小企业中表现更明显。进一步检验表明，当企业主业利润空间较小时，银行网点扩张对企业金融化的促进作用越强；区分金融资产投资结构发现，商业银行网点扩张对回报率较高的长期金融资产促进作用更强，结果支持了利润追逐动机。此外，研究发现企业将获得的信贷资金投资于金融资产挤出了实业投资，从而导致未能有效润泽实体经济发展。本文为评估银行管制放松对实体经济发展的真实影响提供了微观经验证据，并为深化金融体制改革、切实引导资金有效支持实业发展提供了有益参考。
商业银行网点扩张能否助力实体经济“脱虚向实”——基于企业层面银行网点空间分布视角
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参考文献
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引用本文
龙志能, 李万利. 商业银行网点扩张能否助力实体经济“脱虚向实”——基于企业层面银行网点空间分布视角[J]. 外国经济与管理, 2024, 46(8): 69-85.
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