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    Does the Digital Transformation of Commercial Banks Improves the Availability of Credit to SMEs
    GUI He-fa, DENG Ru-sha
    Journal of Jiangxi University of Finance and Economics    2024, 0 (1): 25-36.  
    Abstract92)            Save
    Taking the data of SMEs in Chinese market from 2010 to 2021 as the research sample, this paper focuses on the impact of commercial banks’ digital transformation on the credit availability of SMEs and the role of banking governance represented by financial regulation and financial competition in the process of commercial banks’ digital transformation on the credit availability of SMEs. The findings show that the digital transformation of commercial banks can significantly improve the credit availability of SMEs and enhance the inclusive financial services for SMEs. The relationship between the banking governance represented by financial regulation and financial competition and the credit availability of SMEs presents a nonlinear inverted“U”shape, that is, there is an optimal intensity of financial regulation and degree of financial competition, which optimizes the credit availability of SMEs. In the process of banking governance affecting the credit availability of SMEs, the digital transformation of commercial banks will affect the optimal intensity of financial regulation and degree of financial competition to optimize the credit availability of SMEs, that is, the higher the level of digital transformation of commercial banks, the higher the optimal financial regulatory intensity and the degree of financial competition that can optimize the credit availability of SMEs. The above-mentioned conclusions have important policy implications for in-depth implementation of financial regulation and correct guidance of financial competition, so as to better promote the digital transformation of commercial banks and improve the availability of credit for SMEs.
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    Measurement and Evaluation of the High-Quality Development Level of China’s TouristIndustry
    TIAN Hong, LIU Cheng-qing
    Journal of Jiangxi University of Finance and Economics    2024, 0 (1): 37-53.  
    Abstract147)            Save
    The high-quality development of tourist industry is an important foundation and strong support for promoting Chinese-style modernization. Scientifically measuring and evaluating the level and the changing trend of high-quality development of regional tourism has important theoretical and practical significance. On the basis of defining the connotation of high-quality development of tourist industry, this paper constructs an evaluation index system of high-quality development of tourist industry under the guidance of the new development concept and the sustainable development theory; then it measures and evaluates the level of high-quality development of the tourist industry in 30 provinces in China. The results show thatfrom 2011 to 2019, the high-quality development level of tourism in China generally shows an upward trend year by year, and the industrial development level, the social harmony level, the innovation ability, the cultural and tourism integration degree, and the ecological protection level have been significantly improved. From 2020 to 2021, due to the impact of the COVID-19 epidemic, although the overall development level and the industrial development level have declined, the scores of the other four indicators continued to rise, which reflects that the high-quality development level of tourism of China is constantly improving with the process of high-quality development of China. However, the high-quality development level of tourism in different provinces is significantly different, and the overall development quality is at a medium level. There is still a long way to reachthe high-quality development standards. In the future, to improve the high-quality development level of tourism, we should focus on optimizing the industrial structure, improving the quality of tourism innovation, deepening the integration of culture and tourism, strengthening ecological protection, and other aspects.
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    Can the Central Environmental Protection Inspection Improve the Environmental Performance of Enterprises? Empirical Evidences from the Listed Industrial Enterprises
    ZHANG Rui, YE Yan-yan
    Journal of Jiangxi University of Finance and Economics    2023, 0 (6): 13-26.  
    Abstract85)            Save
    As an important means to urge the local governments to perform environmental protection duties and implement environmental policies, the Central Environmental Protection Inspection has a significant impact on the construction of ecological civilization in China. Taking the A-share listed industrial enterprises from 2012 to 2019 as samples, this paper employs the multi-period DID model to investigate the impact of the implementation of the central environmental inspection policies on the environmental performance of enterprises. The findings shows that: (1) the implementation of the Central Environmental Protection Inspection has significantly increased the enterprises’ environmental performance; (2) the Central Environmental Protection Inspection mainly improves the environmental performance of enterprises by strengthening the environmental governance of local governments and the environmental attention of the senior management teams; (3) good external environment, i.e., the level of urban green finance, the level of regional economic development, the analysts’ attention and the perfect internal corporate governance, can strengthen the positive impact of the Central Environmental Inspection on the environmental performance of enterprises; (4) the environmental governance effect of the Central Environmental Protection Inspection is different due to the nature of property rights and pollution degree of enterprises. Compared to state-owned enterprises, the private enterprises are more sensitive to the implementation of the Central Environmental Inspection policies, and the improvement of the enterprise environmental performance is more significant. While in the inside of the state-owned enterprises, the local state-owned enterprises are more sensitive to the Central Environmental Inspection policies than the central state-owned ones. Compared with the non-heavily polluting enterprises, the Central Environmental Inspection has a greater impact on the environmental performance of heavily polluting enterprises.
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    Green Finance and Value Realization of Ecological Products: An Empirical Study Based on the Data of the Top 100 Counties in China
    HUANG Xiao-yong, CHEN Fei-yu, ZHA Yu-xin
    Journal of Jiangxi University of Finance and Economics    2023, 0 (6): 27-39.  
    Abstract75)            Save
    Green waters and green mountains are golden mountains and silver mountains, and the concept of ecological civilization of Xi Jinping is the key to implementing the harmonious coexistence between humans and nature, promoting high-quality economic development, and promoting the construction of a beautiful China. To realize the ecological value of the counties is a key issue in implementing the“Two Mountains”concept and promoting high-quality economic and social development. Based on the panel data of all the top 100 counties from 2011 to 2020 in the“Top 100 Counties (Cities) in China’s County Economy and County Basic Competitiveness”released in The Research on China’ Economic Top 100 Counties, 2021, this paper calculates the development level of green finance at county level, and conducts an empirical test of the impact of green finance on the realization of the ecological product value at county level. The findings show that green finance has a significant positive impact on the value realization of county-level ecological products. Based on this, it proposes the relevant countermeasures and suggestions to further improve the green financial system, increase the support for green innovation, and promote the cooperation between counties, so as to provide decision-making reference for promoting the realization of the ecological values in counties in the new development stage.
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