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

DOI

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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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  - 10.2991/icesem-18.2018.99
ID  - You2018/08
ER  -