Credit Discrimination、FDI And Financial Efficiency

This paper studies in the credit discrimination perspective, studies FDI inflowsimpact on our financial efficiency and regional differences. Public economic enterprisesand non-public economic enterprises attribute the difference in terms of propertyownership, that is the basis of the financial system which is characterized by thestate-owned monopoly implements credit differentiation of discrimination. Non-publiceconomy in the country is not equal justice to obtain financing, and development needsare urgent and realistic, in order to ease their financing constraints, they must seek thecooperation of foreign capital. FDI in this environment into the domestic financialdistortions on the domestic financial system, particularly the efficiency of the financialsystem to produce what kind of effect, it is to promote or further twist, under theunbalanced development in the context of the reality of this region of China, its impacton the regional financial efficiency is kind of how? These are all in this article to studyand attempt to answer.This study follows the theoretical analysis and empirical research paradigm,mainly as follows: gives literature review of FDI and financial distortions, financialefficiency, and credit discrimination, which is the three key aspects of the paper,hackles research status, learns research methods; establish ownership of indirectfinancing models, analyzes and reasoning the bank credit lending decisions in thepresence and absence of differences in ownership, the reasoning conclusions indicatethe presence of differences in ownership, the bank non-public economic enterpriseswant to charge an additional premium interest rates, however, the reality is far from it,this article has been to expand the analysis and elaboration; icons give to study theinternal mechanisms of this paper’s phenomenon. After the theoretical analysis andmechanism analysis, the next major content is raised above empirical propositionsassumptions. First, the key indicators of this paper, that is, involving the explanatoryvariables in the model are defined financial efficiency, combined with the experienceneeded to study and learn at home and abroad, determine the panel identified afirst-order autoregressive methods to measure financial efficiency; on China andregional financial Efficiency in-depth and detailed analysis and the results show thatthere are differences between financial efficiency area, at different times have differentlaws of evolution, spatial correlation analysis showed that there is a correlation between financial efficiency in space, so the establishment of spatial econometricmodel is this paper’s choice; model and test methods for spatial econometric models doa brief introduction; learn from other scholars and full consideration of this study aswell as data availability and other aspects of the selected control variables of this article,establishing a spatial econometric model, the spatial correlation test shows that thespatial error model (SEM) is a more appropriate choice; spatial econometric modelempirical results of the analysis indicate that the impact of FDI on regional financialefficiency between different regions showed regional differences and have a greatrelationship with regional economic structure, the eastern region is a significantpositive impact, but western and central region have a negative impact, empiricalresults demonstrate the proposed hypothesis. Finally, the main conclusions of this studywere summarized, for this phenomenon is proposed to give specific policy fromchanging attitudes, improve relevant systems, exploration of new methods of financingguarantees.