2012年英国威廉希尔公司春季第二期Seminar（总第22期）预告

题目：The role of FDI in local financial development in post-reform China: Evidence from panel data

演讲人：Masanori OHKUMA 日本早稻田大学

时间：2012年3月8日（周四） 15:30——16:30

地点：邵逸夫科学馆英国威廉希尔公司513

This study explores whether incoming foreign direct investment improves the distortions in credit allocation in China’s banking system. Controlling other factors, we find that foreign direct investment exerts significant positive influences on local financial development–the availability of bank credit for the non-state-owned sectors and deposit collection–in recipient provinces. Further, the marginal effects of incoming foreign direct investment appear to be relatively large in more economically developed provinces. The empirical results suggest that it is important to spur competition among domestic banks at the local level by introducing foreign direct investment or through other means to improve the efficiency of capital allocation and, consequently, to facilitate the growth-led firms in China.