Bank Availability and Corporate Financing: Mechanism and Heterogeneity Analysis

Abstract

Abstract:

Using the dataset of Chinese Industrial Enterprises and bank address data from 2007 to 2013, we analyze the influence and mechanism of bank availability on corporate financing. The results show that firstly, the increasing of bank availability can improve the financing level and reduce financing cost; secondly, the availability of banks has a heterogeneous effect on different firms of different sizes and ownership; thirdly, there are two channels to affect corporate financing:competition effect and distance effect and finally, although the development of Internet weakens the impact, bank availability will make a significant effect on corporate financing. Those results show that government should continue to promote the implementation of "inclusive finance" policy and support the reasonable and effective expansion of banks.

Key words: bank availability, heterogeneity, corporate financing

Zhang Shuoxun, Du Xu. Bank Availability and Corporate Financing: Mechanism and Heterogeneity Analysis[J]. , 2019, 31(5): 3-17.

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