中小企业贷款获得量影响因素分析——基于河南省调查数据的实证研究

发布时间：2018-11-24 17:20

【摘要】：利用长期跟踪河南中小企业过程中获得的企业微观数据,通过多元线性回归模型,研究中小企业贷款获得量的决定因素以及各种因素的影响程度。实证结果显示,金融机构对流动性差的中小企业借款意愿不强;企业净资产与贷款获得量负相关;企业的现金流量、抵押品价值以及企业家的外部净财富与贷款获得量之间具有很强的正相关性;管理者经验和企业(家)信誉与贷款获得量弱相关且不显著,反映出金融机构更多地关注借款者财务上的"硬信息",而对于相关企业的"软信息"收集或关注不够;企业所有制性质与贷款获得量弱相关并在统计上不显著。实证分析的结果揭示了较明确的政策含义。
[Abstract]:Based on the microcosmic data obtained from small and medium-sized enterprises in Henan province for a long time, this paper studies the determinants and the degree of influence of various factors on the loan quantity of small and medium-sized enterprises through multiple linear regression model. The empirical results show that financial institutions do not have strong willingness to borrow to small and medium-sized enterprises with poor liquidity, and the net assets of enterprises are negatively correlated with the amount of loans obtained. There is a strong positive correlation between the cash flow, the collateral value and the external net wealth of the entrepreneur and the amount of loans received; Managers' experience and credit standing of enterprises are weakly correlated with the amount of loans obtained, which reflects that financial institutions pay more attention to the "hard information" of the borrowers, but not to the "soft information" of the relevant enterprises. The nature of enterprise ownership is weakly correlated with the amount of loans obtained and is not statistically significant. The results of empirical analysis reveal a clear policy implication.
【作者单位】：河南大学金融证券研究所;
【基金】：国家社科基金重大招标课题《中西部地区承接产业转移的重点与政策研究》(批准号11&ZD050) “新型城镇化与中原经济区建设河南省协同创新中心”资助研究的阶段性成果
【分类号】：F832.4;F276.3

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