【讲座信息】

主讲人：金铭 浙江财经大学经济学院

主持人：王泽荣 浙江财经大学经济学院

时间：2023年3月16 日（周四）14:00-15:30（下午）

地点：

线下：经济学院304会议室  

线上：腾讯会议ID 474-615-751

讲座主题：

Cultural barriers in China's corporate loans

【摘要】

This study uses listed companies and dialect data to examine how dialect diversity affects corporate unsecured loans. Through our analysis, we find that dialect diversity significantly reduces corporate unsecured loans. Mechanism analyses show that language barriers and social trust are external environmental mechanisms, while corporate transparency and overdue are internal mechanisms. Heterogeneity analyses indicate that corporate risk and asset intensity can increase the negative effect of dialect diversity. In addition, the effect of dialect diversity is only significant in groups with low financial development, low marketization, and high market segmentation. Furthermore, the negative effects of dialect diversity on corporate unsecured loans ultimately increase the burden on enterprises and their financial expense ratios. We provide a new perspective on the determinants of corporate collateral. Suggestions to reduce corporate unsecured loan constraints are provided at the end of this paper.

【主讲人简介】

金铭，浙江财经大学经济学院讲师，博士毕业于暨南大学经济学院,研究方向为微观计量经济学、劳动经济学和发展经济学，近些年在Global Environmental Change, The European Journal of Finance, International Review of Economics & Finance等期刊拟录用或发表论文多篇。