实体经济的融资需求与传导渠道的有效性研究——基于上海市青浦区实体经济的主成分分析

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英文篇名：Research on the Financing Needs and the Effectivenessof Transmission Channels in the Real Economy——Based on the Principal Component Analysis of Real Economy in Qingpu District of Shanghai 作者：鲍长生 英文作者：BAO Chang-sheng;School of Economics and Management,Shanghai University of Political Science and Law; 关键词：实体经济 ; 融资需求 ; 融资渠道 ; 传导机制 英文关键词：real economy;;financing needs;;financing channel;;transmission mechanism 中文刊名：HDJJ 英文刊名：East China Economic Management 机构：上海政法学院经济管理学院; 出版日期：2019-01-18 10:13 出版单位：华东经济管理 年：2019 期：v.33;No.266 基金：上海中小企业发展论坛课题 语种：中文; 页：HDJJ201902005 页数：7 CN：02 ISSN：34-1014/F 分类号：29-35

摘要

我国自2012年就提出了金融要"脱虚向实",促进实体经济发展。但时至今日,实体经济尤其是中小企业必要融资需求仍得不到满足,甚至是实体经济融资难上加难、贵上加贵。其原因之一是对实体经济的真实金融需求的研究较少,未能深入了解实体经济的融资要求,导致现有的融资渠道和金融产品不符合实体经济融资需求,货币政策传导机制不畅。文章从两个方面进行创新性研究:一是以上海市小微企业为例,调查实体经济对企业融资的各项基本需求,以深入了解实体经济的真实融资需求;二是调查上海市小微企业对现有融资渠道的评价,并运用主成分分析法,对各种融资渠道进行综合评价并进行排序,探讨货币政策传导渠道的有效性,并提出相应的政策建议,以提高实体经济的融资效率,促进实体经济发展。
        Since 2012,China has proposed that finance should be"deviated from fictitious economy to real economy"to pro?mote the development of real economy. But to this day,the necessary financing needs of real economy,especially small and me?dium-sized enterprises,are still not met,and even the financing of real economy is more difficult and expensive. One of the reasons is that there is less research on the real financial needs of real economy. It is unable to understand the financing re?quirements of real economy. The existing financing channels and financial products do not meet the needs of real economy fi?nancing,and the monetary policy transmission mechanism is not smooth. This paper conducts an innovative research from two aspects:Firstly,the paper takes small and micro enterprises in Shanghai as examples to investigate the basic needs of real economy for corporate financing,in order to understand the real financing needs of real economy;Secondly,it investigates the evaluation of existing financing channels by small and micro enterprises in Shanghai,and applies the principal component analysis to comprehensively evaluate and rank various financing channels,explores the effectiveness of monetary policy trans?mission channels,and proposes corresponding policy recommendations in order to improve the financing efficiency of real economy and promote the development of real economy.

引文

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