随着我国金融业的不断发展,金融集聚也出现区域梯度差异。基于我国31个省区市1990-2012年的面板数据,对金融集聚与融资结构、融资方式的关系从全国和区域两个层面进行了实证分析。结果发现,从全国来看,金融集聚对融资结构有显著的负面效应。分区域来看,在东部地区为正效应但不显著,在中、西部地区则显著负相关。无论是全国还是分区域来看,金融集聚对融资比重均是正效应,且对中、西部地区的影响更为显著。本文创新点在于,阐述了金融集聚、融资结构与融资比重三者的关系,即经济发展需要相应的融资结构,而融资结构促进金融集聚,金融集聚影响融资比重。
Regional gradient differences have taken place in financial agglomeration with the continuous development of financial industry.The paper analyzes the relationship between financial agglomeration,financing structure and financing way through empirical methods from the aspects of national and regional by the panel data of financial agglomeration, financing amount and capital market of the 31 provinces and municipalities from 1990-2012.The results Showed that, there is a significant negative correlation between financial agglomeration and financing structure from the national perspective; the eastern showed positive correlation from subregional perspective, however the Midwest showed significant negative correlation. The relation between financial agglomeration and financing proportion is positive from both aspects, and more significant impact in Midwest.