A Study on the Impact of Banking Industry Spatial Layout on Surplus Management of Listed Companies — Based on the Dual Mechanism of Bank Supervision and Credit Constraints

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i3.2272

Chen Chen

Center for International Economic and Technical Cooperation, Ministry of Industry and Information Technology, Beijing, China

Abstract

Based on the financial data of China's A-share listed companies and the data of commercial bank branches published by China Banking and Insurance Regulatory Commission (CBIRC) in 2010-2020, this paper examines the intrinsic connection between spatial layout of the banking industry and the surplus management of listed companies from the perspective of the geographic structure of financial supply, and draws the following conclusions: (1) shortening the distance between banks and enterprises significantly suppresses the level of surplus management of listed companies; (2) the inhibiting effect of bank-enterprise neighborhood on the surplus activities of non-state-owned enterprises and small and medium-sized enterprises is more significant; (3) bank supervision and credit constraints are two important mechanisms that affect corporate surplus management; (4) the proximity of banks and enterprises has a more significant inhibitory effect on the surplus activities of non-state-owned enterprises and small and medium-sized enterprises; (5) bank supervision and credit constraints are two important mechanisms by which the spatial layout of the banking industry affects the surplus management of enterprises. The research in this paper aims to expand the research perspective of accounting information quality and credit resource allocation, which is conducive to promoting the high-quality development of enterprises in a stable and far-reaching way, and provides empirical references for further optimizing the spatial distribution of financial resources.

Keywords

spatial layout of the banking sector, bank-business distance, surplus management

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