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	2024/08
形態種別	著書
標題	『Innovation Promotion Policies and Institutional Reform in China（担当：Chapter 8 「Impact of Government Guidance Funds and Local Financial Environments on Chinese Industrial Enterprises' Performance」）
執筆形態	共著
掲載区分	国外
出版社・発行元	Springer社, 2024
巻・号・頁	pp.117-133
担当範囲	Chapter 8 「Impact of Government Guidance Funds and Local Financial Environments on Chinese Industrial Enterprises' Performance」
著者・共著者	Editors: Kai Kajitani
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.