The Relationship Between The Scale Of Shadow Banking And Its Growth

In recent years,while developing their main business,many Chinese enterprises have begun to enter the financial field and develop shadow banking business.The financialization of non-financial enterprises has become more and more obvious.However,shadow banking business not only brings high returns to enterprises,but also brings risks,which has a certain impact on its growth.However,at present,there are few studies on the relationship between the size of shadow banking and its growth,and few literatures are available for research and discussion.Therefore,it is very necessary to conduct theoretical analysis and research on the relationship between the two.Therefore,the main purpose of this paper is to explore the correlation between the scale of shadow banking activities and the growth of enterprises as suppliers of capital,as well as the causal relationship between the two.This paper sorts out the relevant literature and research status of shadow banking and enterprise growth,and speculates through previous studies that:when an enterprise acts as a capital supplier,there is a negative correlation between its shadow banking scale and growth,and the shadow banking activities of the enterprise will inhibit the growth of the enterprise.Factor analysis method,bivariate correlation analysis,stationary test and granger causality test were mainly used for empirical analysis.SPSS statistical software was used for factor analysis to evaluate the growth of enterprises,and then the scale of shadow banking activities of enterprises was comprehensively evaluated from three aspects.By analyzing the correlation between the size and growth of shadow banking,it finds that there is a negative correlation between them.Use Eviews to both data stationarity test,the result shows that meet the conditions as Granger inspection the Granger causality test,verify the previous theories,draw the conclusion:when the enterprise as the capital providers,engaged in its shadow banking business scale and negative correlation between the growth,and enterprise of shadow banking activities would inhibit the growth of the enterprise;Finally,the empirical test results are analyzed in depth,and based on the above research on financial institutions,institutional construction and other aspects of the relevant countermeasures and Suggestions.