上市中小企业不动产抵押贷款影响因素的实证研究
发布时间：2018-10-12 10:50
【摘要】：中小企业融资难的问题吸引着国内外学者对其进行长期的研究分析,银行贷款作为我国中小企业融资的主要来源，对中小企业的发展起着至关重要的作用。但是，由于信息不对称以及融资环境和制度体系等内部和外部原因，目前，我国中小企业大多采用不动产抵押方式来获取贷款。关于贷款规模和抵押品价值、企业、银行等因素之间的关系，是国内外的研究热点之一。我国正处于经济转轨时期，有着特殊的体制背景，我国中小企业和银行间的抵押贷款与国外相比，存在共性的同时，也有着差异。本文针对我国上市中小企业不动产抵押贷款进行实证研究，深入揭示影响我国中小企业抵押贷款的关键因素，为银行业提供决策依据。 本文选择2006年至2010年我国中小企业板上市公司作为研究样本，首先对我国中小企业的融资现状和抵押贷款发展情况进行统计分析。建立多元回归模型，探讨了贷款规模和其相关影响因素之间的关系，分别研究了抵押品价值、企业因素、宏观经济因素等方面对贷款金额的影响。研究结果表明，企业提供的抵押品价值对银行愿意提供的贷款额度显著正相关；公司的规模越大，银行认为其违约风险越小，因此给企业的授信额度也越大；在不动产抵押贷款中，企业的总资产中固定资产占比越大，，企业可抵押资产规模越大，银行更愿意提供贷款；国家的宏观经济状况对抵押贷款也存在着显著影响，当国家经济处在快速发展阶段时，金融市场交易活跃，银行更愿意进行存贷款活动，且国家大力扶持中小企业发展，中小企业在这种情况下更易取得贷款。
[Abstract]:The problem of financing difficulties for SMEs attracts scholars at home and abroad to carry out long-term research and analysis. Bank loans, as the main source of financing for SMEs in China, play a vital role in the development of SMEs. However, due to asymmetric information, financing environment and institutional system and other internal and external reasons, at present, most small and medium-sized enterprises in China use real estate mortgage to obtain loans. The relationship between loan size and collateral value, enterprises, banks and other factors is one of the hot topics at home and abroad. Our country is in the economic transition period, has the special system background, our country small and medium-sized enterprise and the bank mortgage loan compares with the foreign, has the common character, also has the difference. This paper makes an empirical study on the real estate mortgage loan of listed SMEs in China, reveals the key factors that affect the mortgage loan of small and medium-sized enterprises in China, and provides the decision basis for the banking industry. From 2006 to 2010, this paper selects Chinese SME board listed companies as the research sample, first of all, it makes a statistical analysis on the current financing situation and mortgage loan development of SMEs in China. A multivariate regression model is established to study the relationship between loan size and its related factors, and the effects of collateral value, enterprise factors and macroeconomic factors on the loan amount are studied respectively. The results show that the value of collateral provided by enterprises is significantly positively related to the amount of loans banks are willing to provide, and the larger the size of the company, the smaller the risk of default, and therefore the greater the amount of credit granted to enterprises. In real estate mortgage loans, the larger the fixed assets of enterprises, the larger the scale of mortgageable assets, and the more willing banks are to provide loans; the macroeconomic situation of the country also has a significant impact on mortgage loans. When the national economy is in the stage of rapid development, the financial market transactions are active, banks are more willing to deposit and loan activities, and the state vigorously supports the development of small and medium-sized enterprises, SMEs are easier to obtain loans in this case.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.4;F276.3
[Abstract]:The problem of financing difficulties for SMEs attracts scholars at home and abroad to carry out long-term research and analysis. Bank loans, as the main source of financing for SMEs in China, play a vital role in the development of SMEs. However, due to asymmetric information, financing environment and institutional system and other internal and external reasons, at present, most small and medium-sized enterprises in China use real estate mortgage to obtain loans. The relationship between loan size and collateral value, enterprises, banks and other factors is one of the hot topics at home and abroad. Our country is in the economic transition period, has the special system background, our country small and medium-sized enterprise and the bank mortgage loan compares with the foreign, has the common character, also has the difference. This paper makes an empirical study on the real estate mortgage loan of listed SMEs in China, reveals the key factors that affect the mortgage loan of small and medium-sized enterprises in China, and provides the decision basis for the banking industry. From 2006 to 2010, this paper selects Chinese SME board listed companies as the research sample, first of all, it makes a statistical analysis on the current financing situation and mortgage loan development of SMEs in China. A multivariate regression model is established to study the relationship between loan size and its related factors, and the effects of collateral value, enterprise factors and macroeconomic factors on the loan amount are studied respectively. The results show that the value of collateral provided by enterprises is significantly positively related to the amount of loans banks are willing to provide, and the larger the size of the company, the smaller the risk of default, and therefore the greater the amount of credit granted to enterprises. In real estate mortgage loans, the larger the fixed assets of enterprises, the larger the scale of mortgageable assets, and the more willing banks are to provide loans; the macroeconomic situation of the country also has a significant impact on mortgage loans. When the national economy is in the stage of rapid development, the financial market transactions are active, banks are more willing to deposit and loan activities, and the state vigorously supports the development of small and medium-sized enterprises, SMEs are easier to obtain loans in this case.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.4;F276.3
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