银企关系的溢出效应分析——基于信贷成本及信贷可获得性的经验证据

发布时间：2018-06-12 17:31

本文选题：银企关系 + 关系型贷款　；参考：《西南金融》2014年06期

【摘要】：本文以上市公司年报中披露的贷款数据为基础,根据国有四大银行和非国有四大银行向在中国上市公司提供贷款的数据,对信贷成本及信贷可获得性的决定因素进行了实证研究,通过对国有四大银行和非国有四大银行在利率决定因素方面及发放信用贷款决定因素方面的差异比较来对我国商业银行存在的问题做具体分析。本文的结论主要有:一是企业与四大银行关系的加强不仅有助于降低企业继续与四大银行借款时的融资成本,而且有助于降低企业未来与非四大银行融资时的成本;二是企业与四大银行关系的加深可以提高企业获得非四大银行信用贷款的概率,而企业与四大银行的关系对获得四大银行的信用贷款并无显著性影响。以上的结论再次证明了传统关系型贷款理论中银企关系的价值——有效地克服信息不对称、降低信贷成本。
[Abstract]:Based on the loan data disclosed in the annual report of listed companies, according to the data of four state-owned banks and four non-state-owned banks providing loans to listed companies in China, The determinants of credit cost and credit availability are studied empirically. By comparing the differences between the four state-owned banks and the non-state-owned banks in the determinants of interest rate and issuing credit loans, this paper makes a concrete analysis of the problems existing in the commercial banks of our country. The main conclusions of this paper are as follows: first, the strengthening of the relationship between enterprises and the four major banks will not only help to reduce the financing costs of enterprises when they continue to borrow from the four banks, but also help to reduce the costs of financing between enterprises and non-big four banks in the future; Second, the deepening of the relationship between enterprises and the four banks can improve the probability of obtaining credit loans from non-four banks, while the relationship between enterprises and the four banks has no significant effect on obtaining credit loans from the four major banks. The above conclusion proves once again the value of the relationship between banks and enterprises in the traditional relational loan theory, which effectively overcomes the information asymmetry and reduces the credit cost.
【作者单位】：中信银行;
【分类号】：F832.4;F279.2

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