中小银行对中小企业进行融资的模式选择

【作者】 汪守宏；

【导师】 戴玲；

【作者基本信息】 安徽大学 ， 政治经济学， 2004， 硕士

【摘要】 我国现有的中小金融机构如何明确自身的市场定位，如何更好地为中小企业提供金融服务是关系到中小企业和中小金融机构实现“双赢”的关键。本文通过对中小银行、中小企业以及银企融资模式的分析，从而导出结论——关系型融资是我国现阶段中小银行与中小企业的现实选择。全文共分四部分，第一部分引出主题，通过对国内外相关文献的述评，为全文提供了一个理论起点。第二部分分析了中小银行与中小企业之间的内在联系，认为中小企业是现代市场经济不可或缺的基础，在现代市场经济中具有重要作用，但是中小企业融资困境已经严重制约了中小企业的进一步发展，同时也给整个社会带来一系列宏观的负面效应。文章用新的理论重点分析了为什么大银行与中小银行都对中小企业“惜贷”，通过大、小银行在中小企业融资方面的优劣势比较，为中小银行与中小企业匹配提供了理论和现实依据。第三部分分析了两种银企融资模式即保持距离型融资和关系型融资，并对融资模式的效率进行讨论，讨论结果认为两种模式在特定条件下都具有效率，同时认为对于我国的中小银行与中小企业来说，关系型融资是一种更有效率的融资模式。第四部分作为结论，认为关系型融资是我国中小银行与中小企业的现实选择，提出主办银行制是中小银行对中小企业进行融资的最优制度安排，因为主办银行制度十分适合间接金融环境，能够较好地解决中小银行与中小企业之间的信息不对称，能够为中小企业带来稳定的资金支持和全面的金融服务，在此基础上给出了一系列相关建议。更多还原

【Abstract】 It is crucial to provide financial service for medial-and-small enterprises and how to clarify it’s market orient for incumbent medial-and-small financial agencies, from which both can benefit.This paper suggest that relationship financing will be realistic choice of medial-and-small enterprises and medial-and-small financial agencies by analysis based on banking-enterprise finance model, this paper organized as follow. In the first sector, I develop a theoretic framework in which based on literature overview and review; In the second sector, internal relationship between medial-and-small enterprises and medial-and-small financial agencies will be analyzed ,and I propose that financing dilemma faced by medial-and-small enterprises restrain the further development of it’s own and resulting negative macro-effect on society, while medial-and-small enterprises structure fundamental factor of modem market economy. My focus is on why both big banks and medial-and-small banks credit discriminatively against medial-and-small enterprises; we provide theory and evidence about matching between medial-and-small banking and medial-and-small enterprises, in which sector advantage and disadvantage derived from medial-and-small enterprises financing exerted by big banks or medial-and-small banks will be compared. Then, in the third sector, I argue efficiency of arm length financing and relationship financing systems respectively. There are all efficiency gain from two financing systems under specific circumstance. To China’s medial-and-small banks and medial-and-small enterprises, however, relationship financing system is more efficient. In the fourth, I conclude that relationship financing will be practical choice and main bank system optimal institution arrangement for China’s medial-and-small banks and medial-and-small enterprises allowing for it’s attribute that handle informational asymmetry between medial-and-small banks and medial-and-small enterprises desirably and resulting stable financial supports and universal financial services for medial-and-small enterprises. Finally, amounts of advices will be proposed.更多还原