【作者】 孙莹；

【导师】 郭建强；

【作者基本信息】 山东大学 ， 西方经济学， 2013， 硕士

【副题名】基于上市公司中小板块数据实证分析

【摘要】 为解决中小企业融资问题,国外学者引入了关系型贷款的概念。区别于以可量化信息为依据的交易型贷款,关系型贷款是银行通过与企业建立起来的互利互惠合作关系不断获得“软信息”,并以此为依据向关系企业发放贷款。这种形式的贷款从某种程度上解决了中小企业由于信息不对称所造成的融资困难问题,所以关系型贷款在解决中小企业融资问题上发挥了重要作用。影响金融机构发放关系型贷款数量的外部因素主要包括市场竞争、银行规模、银企距离以及政府相关政策等。本文在主要通过对市场竞争因素影响机制的理论推导,分析在考虑了市场中不同银行规模组成的条件下信贷市场竞争对关系型贷款的综合影响。理论方面本文认为在以大银行主导的信贷市场中竞争增加会使银行降低关系型贷款数量；而以小银行主要构成的市场中竞争增加会使银行提高关系型贷款的发放数量。这种区别主要是由于关系型贷款与交易型贷款之间收入效应与替代效应受竞争影响程度、方向不同所造成的。在实证方面,通过对我国上市中小板企业贷款数据进行实证研究后,得出结果表明：当加入市场层级结构因素时我国不同区域的信贷市场竞争增加对企业获得关系型贷款数量会产生负效应,企业并未随着市场中银行数量的增加而获得更多的关系型贷款。政府为了促进中小企业融资,应当在引入信贷市场竞争机制的同时,鼓励银行适当下放贷款审批权限,鼓励中小规模银行参与到更多区域信贷市场中。更多还原

【Abstract】 To solve the problem of financing SMEs, foreign scholars introduced the concept of relationship lending. Relationship credit financing is a kind of credit based on relationship between the bank and the enterprise. With the cooperative relation, the bank could get inside information and issue a loan on this basis. In some ways such a relationship solves the financing difficulties caused by the asymmetric information problem that small and medium-sized enterprises are always facing. As a result, relationship credit financing could play an important role in the financing of small and medium-sized enterprises.The main factors that affect the number of relationship lending include market competition, bank size, bank-enterprise distance and relevant government policies. In this paper, how competition of credit market affecting the relationship lending is studied. It is suggested that a non-monotonicity can be explained by looking at the organizational structure of local credit markets. While to compete in the market of small banks main components increase will make the bank increase the number of relationship lending. This difference is mainly due to the relationship and transactional lending income effect and substitution effect between affected by competitive level, caused by the different direction.In the empirical analysis section, with the loan data of small and medium-sized enterprises in China a result is concluded that an enterprise could not get more relational loans when there are more banks in market. In other words, the competition will produce negative effects on how much will an enterprise get from loan. To promote financing of small and medium-sized enterprises, the government should introduce competition as well as encouraging more medium sized or even small banks to participate in regional credit.更多还原