リュウ アセイ
RYU Asei 劉 亜静 所属 広島修道大学 経済科学部 職種 教授 |
|
言語種別 | 英語 |
発行・発表の年月 | 2024 |
形態種別 | 学術論文 |
査読 | 査読有り |
標題 | Impact of Government Guidance Funds and Local Financial Environments on Chinese Industrial Enterprises’ Performance |
執筆形態 | 単著 |
掲載区分 | 国外 |
出版社・発行元 | Spring社, 掲載決定, Forthcoming |
概要 | This study examines the effects of government guidance funds (GGFs) and local financial environment on the performance of Chinese industrial enterprises. Using a panel dataset (2001–2020) of Chinese industrial firms, it reveals that receiving GGFs significantly boosts firm sales and profits. Additionally, there is a correlation between GGFs and macroeconomic and financial indicators of the provinces where the enterprises are located. Specifically, for small- and medium-sized enterprises, non-state-owned enterprises, and regions in the central and western parts of China, GGFs complement traditional long-term bank lending as a financing channel. However, a substitutive relationship exists for short-term bank lending. |