文章使用2012年世界银行中国营商环境调查所收集的民营企业一手数据, 构建Logit回归模型考察了金融市场化改革对于民营企业信贷融资的影响, 同时检验金融发展对于民营企业融资成本的影响, 进一步对法制环境、金融市场化程度对民营企业贷款的影响进行了实证分析. 研究结果表明: 整体的金融市场化程度提高有助于民营企业获得银行贷款, 法制环境的改善、地区法律体系的构建对于企业的保护程度提高能够促进企业获得银行贷款的概率, 而金融市场化对于民营企业贷款的促进作用也会通过法制环境改善的渠道来增强. 研究对于理解中国民营企业融资困境的深层次原因, 缓解民营企业外部融资困难,提高银行体系对于民营企业的信贷支持力度, 为转型经济国家制度改革的推进提供微观的经验借鉴方面具有非常重要的意义.%This paper, using the first-hand data of the survey of Chinese business environment by world bank in 2012, building Logit regression model, investigates the influence between the financial marketization reform and the credit financing of private enterprises, tests the influence of financial development for the private enterprise financing cost, in further,analyzes whether the legal environment and financial marketization are conducive to China's private enterprises access to bank loans. The results show that: the degree of financial marketization overall helps to improve the private enterprises to obtain bank loans, legal system, legal environment, the degree of protection for enterprises helps to improve the probability to promote enterprises to obtain bank loans , and the role of financial marketization for private enterprises to promote loans will improve by enhancing legal environment. The study of this paper has very important significance on understanding the deep reason of financing difficulties of private enterprises in China , relieving external financing difficulties of private enterprises, improving the banking system for private enterprise credit support and providing transformation of economy system reform to promote the experience of the microscopic model.
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