摘要
本文运用我国某地区2007—2013年124681笔中小企业信贷数据，实证研究了银企关系和银行业竞争对中小企业借贷成本的影响。结果显示，银企关系对中小企业借贷成本有显著的正向影响，银行业竞争对借贷成本有显著的负向影响。考虑企业规模、信用状况的异质性后，银企关系、银行业竞争对不同类型企业借贷成本的影响存在差异。银企关系对不同信用等级企业借贷成本整体上呈正向影响，银行业竞争对不同信用等级企业借贷成本整体上呈负向影响，但低信用等级小型企业受到的影响更加显著。本文研究表明，推动金融生态环境建设，完善信贷市场竞争机制，对解决我国中小企业融资贵问题至为重要。
Using a sample of 124681 lending transaction data in an area of China during 2007 - 2013, this pa- per studies how the relationship lending and bank competition affect loan cost for SMEs. We find the relationship lending has positive impact on the loan cost for SMEs, but the bank competition has negative impact. However, when the heterogeneity of SMEs is considered, the effect of relationship lending and bank competition on loan cost is different. Generally, bank competition has negative impact on the loan cost for different credit rating firms compared to the positive impact of relationship lending and the impact is more significant for low credit small firms. It is important to improve competition mechanism in order to reduce the loan cost for SMEs.
出处
《金融研究》
CSSCI
北大核心
2015年第1期134-149,共16页
Journal of Financial Research
基金
国家自然科学基金一般项目
中组部青年拔尖人才支持计划
教育部新世纪优秀人才支持计划
中央高校基本科研业务费专项资金
中国人民银行南京分行重点研究课题经费的资助
关键词
中小企业
银企关系
银行业竞争
借贷成本
Small and Medium Enterprises（SMEs） , Relationship lending, Bank competition, Loan cost
