Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)

The Influence of Financial Marketization and Direct Financing on the Credit of Listed SMEs

Authors
Chang You
Corresponding Author
Chang You
Available Online August 2018.
DOI
https://doi.org/10.2991/icesem-18.2018.99How to use a DOI?
Keywords
New OTC (Over the Counter) Market; Financial Marketization; Direct financing; Technological SMEs; Credit
Abstract

This paper discusses the impact of financial marketization and direct financing on listed SME Credit in the New OTC (Over the Counter) Market and clarifies the "promotion effect" of financial marketization on corporate credit, the "crowding-out effect" of direct financing on corporate credit, and the cross-impact influence on the credit of listed SMEs. The results show the following results: 1) High degree of financial marketization promotes the credit of local listed companies. 2) The direct financing behavior of the listed companies has reduced the credit financing of the company. 3) The “cross-impact” of the combination of high regional financial marketization and low-enterprise direct financing on the listed company's credit is stronger than its role in promoting corporate credit.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
978-94-6252-557-3
ISSN
2352-5398
DOI
https://doi.org/10.2991/icesem-18.2018.99How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Chang You
PY  - 2018/08
DA  - 2018/08
TI  - The Influence of Financial Marketization and Direct Financing on the Credit of Listed SMEs
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 431
EP  - 433
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.99
DO  - https://doi.org/10.2991/icesem-18.2018.99
ID  - You2018/08
ER  -