A Study On Financial Impact On The Industrial Structure Adjustment In Shandong Province

The optimization and upgrading of industrial structure is the main in mode of economic development. Optimizing the industrial structure and promoting industrial upgrading is the only way to achieve healthy economic development of Shandong Province. Finance is the core of modern economy.and at the same lime, finance is also the direct impetus to the optimization and upgrading of industrial structure. With the development of market economy in Shandong Province, financial institutions gradually replace the government finance to become the main force to supply funds. It is.a significant subject to exert the function of resource allocation of financial institutions in order to promote the optimization and upgrading of industrial structure in Shandong Province.This paper, using modern financial development theory, industrial organization theory and other multi-disciplinary theory, is focused on this theme that how the financial institutions affect the optimization and upgrading of industrial structure. Firstly, analyse the mechanism of financial impact on the adjustment of industrial structure from a theoretical point of view. Secondly, analyse the overall industrial structure and internal structure of three industries level from the macro and meso Perspective accoding to some related data, and then analyse the influence to industrial structure from the bank, capital market, government financial. Lastly, using the measurement software, discusse the effect of the3types of financial support mode to the overall industrial structure and internal structure of the second industry of Shandong province.The studies reflected the following aspects:1.According to the real data from Shandong Province: Banking capital allocation structure in accordance with the three industry changes, but there are deviations from the internal structure of the second industry changes. The capital market guide the fund to the companies with high income, better prospects for development, but heavily weighted toward the second industry, reflecting the spontaneous nature of the capital market the pursuit of profit. While the financial policy is focuse on promoting long-term loan, making up the lack of commercial finance, funding to the pillar industries, key industries.2. From the empirical data of Shandong Province: using the1999-2011data of Shandong province economy, through the econometric model of the empirical analysis of financial development in Shandong province and the whole industrial structure and the internal structure of the second industry, come to conlusion: Influence of Shandong financial development to the whole industry structural adjustment is significant, but to the second industry structural adjustment is not enough.In the light of the problems of Shandong province, and combining with the results of the empirical analysis, in order to promote the function of finance to the optimization and upgrading of industrial structure this paper put forward three proposals: Continue to promote the pace of indirect financial market, improve the efficiency of capital allocation of indirect finance; continue to advance reform of the capital market, improve the proportion of direct financing of the financial; Broaden the financing channels of financial policies, improve the efficiency of credit allocation of policy finance.