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题名东盟-中国贸易关系分析: 来自中国与印度尼西亚增加值出口关系的实证; The Persistence of Limited Access to Finance: A Firm-Level Empirical Study on the Institutional Environment in the Philippines
作者MICHAEL VICTOR ONG
答辩日期2014 ; 2014
导师Cheryl Long
关键词体系 企业绩效 融资渠道 中小型企业 菲律宾 Institutions, Firm Performance, Access to Finance, MSMEs, the Philippines
英文摘要根据由世界银行企业分析单元(EAU)2009年对来自菲律宾的1326家企业进行调查的微观数据,使用回归分析方法解释了体系影响下的商业因素之间的关系对菲律宾企业的影响。根据数据我们得到了作为因变量的企业绩效的度量指标(年实际销售额增长——ASG,年雇佣增长——AEG,年劳动生产率——ALPG,和生产效率——CAPUTILITY),并与作为自变量的15个形式上的商业屏障指标进行回归。根据道格拉斯•诺斯的制度理论框架,这些指标被认为是影响企业绩效的体系因素。由最小二乘法得到的回归结果,我们看到这些作为解释变量的体系因素中有几个因素显著地与企业绩效指标相关。结果表明,融资渠道是一个稳健的影响企业绩效的体系因素。这与相关文献的综述及其结论相对应。在融资渠道作为因变量的回归分析中,使用企业级金融特征探究了决定融资渠道的显著决定因素。这个实证研究的结果表明,融资渠道是对菲律宾企业,特别是中小型企业在经营中长期且最严重的体系约束。实证研究的结果验证了企业的体系因素和企业绩效在理论推断上的关系。; Using micro data obtained from an enterprise survey of 1,326 firm respondents conducted by the World Bank-Enterprise Analysis Unit (EAU) in 2009 for the Philippines, regression analysis is employed to determine the relationships of perceived institutional business factors that affect firms in said country. Firm performance measures (Real Annual Sales Growth – ASG, Annual Employment Growth – AEG, Annual Labor Productivity Growth - ALPG, and Capacity Utilization – CAPUTILITY) computed from the data are used as dependent variables against fifteen pro forma obstacles-to-business indicators. Using the institutional theoretical framework of Douglass C. North, these indicators are treated as institutional factors that influence firm performance. Using the OLS estimation method, regression results have identified several of such institutional factors utilized as explanatory variables as being significantly correlated to firm performance measures. Results yielded access to finance as the perennial and pivotal institutional factor that relates to firm performance. A review of the related literature and its findings match this outcome. Access to finance is then used as a dependent variable in a regression analysis against firm-level financial characteristics to probe into significant determinants of financial access. This empirical research concludes that Philippine firms, in particular MSMEs, persistently face limited access to finance as the top institutional constraint in doing business. Empirical research results validate the theoretical extrapolation on the nexus between institutional business factors and firm performance.; 学位:经济学硕士; 院系专业:经济学院_国际贸易学; 学号:15220121154214
语种zh_CN
出处http://210.34.4.13:8080/lunwen/detail.asp?serial=45085
内容类型学位论文
源URL[http://dspace.xmu.edu.cn/handle/2288/82134]  
专题经济学院-学位论文
推荐引用方式
GB/T 7714
MICHAEL VICTOR ONG. 东盟-中国贸易关系分析: 来自中国与印度尼西亚增加值出口关系的实证, The Persistence of Limited Access to Finance: A Firm-Level Empirical Study on the Institutional Environment in the Philippines[D]. 2014, 2014.
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