银企关系与信贷可获得性、贷款成本--基于2003年NSSBF调查的实证分析被引量：34

Bank-Firm Relationship, Credit Availability and Loan Cost; Empirical Study on NSSBF Survey of 2003

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摘要与传统的财务报表型和抵押担保型贷款不同,关系型借贷是银行基于银企合作过程中收集、整理和传递的有关企业及企业主的"软"信息而作出信贷决策的一种融资机制,尤其适合缺乏透明信息记录和抵押物的中小企业。本文以美国2003年NSSBF调查数据为样本,实证研究银企关系对于中小企业的信贷可获得性和贷款成本的影响。本文选取中小企业与向其提供信贷的银行之间关系的持续时间来衡量银企关系密切程度,用贷款合同的两个重要内置条件(抵押物要求和利率水平)分别反映信贷可获得性和成本。研究发现,银企关系持续时间越长,中小企业的信贷可获得性增强,但同时贷款成本会上升,这反映出关系型借贷对于缓解中小企业融资困境的辩证作用。最后基于上述发现提出政策建议。 Differing from traditional financial report loans and collateral/pledge loans, the relationship lending, as an external debt financing, is based on the soft information collected, classified and transmitted by the bank in the process of bank-firm cooperation and especially suitable for Small and Medium-sized Enterprises (SMEs). This paper selects the USA 2003 NSSBF as samples for the empirical study and is to analyze the impact of bank-firm relationship on the credit obtain availability and loan cost. The strangeness of bank-firm relationship is measured by the relationship duration between SMEs and the bank providing loans, credit availability and loan cost are by collateral requirement and interest, respectively. It concludes , with the extension of bank-firm relationship, the credit availability of SMEs increases while the loan cost also rises up. This conclusion supports that the relationship lending has two-side effect on SMEs financing distress. At last policy suggestions are given out based on above analysis.

作者陈键

机构地区中国人民大学经济学院经济学硕士

出处《财贸经济》 CSSCI 北大核心 2008年第1期86-93,共8页 Finance & Trade Economics

关键词关系型借贷银企关系信贷可获得性贷款成本 Relationship Lending, Bank-firm Relationship, Credit Availability, Loan Cost

分类号 F279.2 [经济管理—企业管理] F832.4 [经济管理—金融学]

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