本文選題：銀企關(guān)系 + 關(guān)系型貸款�。� 參考：《貴州財經(jīng)大學(xué)》2017年碩士論文

【摘要】：中小企業(yè)作為我國經(jīng)濟主體中的一部分,對擴大就業(yè)、科技創(chuàng)新、增加國家稅收、促進國民經(jīng)濟的發(fā)展都有著不可替代的作用。而融資困難阻礙了中小企業(yè)的發(fā)展,進而影響了中小企業(yè)的貢獻力量,從而阻礙了我國經(jīng)濟的發(fā)展。中小企業(yè)的主要資金來源是銀行貸款,融資困難的原因就在于銀行與企業(yè)之間的信息不對稱,銀行不愿意放款給中小企業(yè)。中小企業(yè)雖然具有不可估量的發(fā)展?jié)摿?但是因其無法提供透明的硬信息、經(jīng)營風(fēng)險較高、抗外部金融環(huán)境風(fēng)險能力弱等缺點,在信息不對稱這樣一種環(huán)境下這些缺點被放大,使得銀行貸款給中小企業(yè)成為一種風(fēng)險投資,因此銀行寧愿選擇低利率貸款給大型企業(yè)得到穩(wěn)定的利潤,也不愿意冒著高風(fēng)險高利率貸款給中小企業(yè)。在為中小企業(yè)尋找更好的融資來源上存在著困難的現(xiàn)實情況下,減少銀企之間的信息不對稱,改善銀行對中小企業(yè)的放款態(tài)度才是解決中小企業(yè)融資困難的現(xiàn)實途徑。本文以研究銀企關(guān)系為出發(fā)點,檢驗銀行與企業(yè)之間關(guān)系程度的加深能否緩解中小企業(yè)的融資困境。在衡量銀企關(guān)系的變量上,本文選擇了銀行與企業(yè)之間成功交易的貸款次數(shù)和企業(yè)建立的關(guān)系銀行家數(shù)來衡量,一般來說,銀行與企業(yè)之間交易次數(shù)越多關(guān)系越親密,企業(yè)建立的關(guān)系銀行家數(shù)越少二者關(guān)系越穩(wěn)定。在檢驗融資約束程度上,本文選擇了現(xiàn)金 現(xiàn)金流敏感性模型來檢驗企業(yè)的融資約束情況�；谏钲谧C券交易所中小企業(yè)板上市公司2008年至2015年的銀行貸款數(shù)據(jù)和企業(yè)特征數(shù)據(jù),本文對銀企關(guān)系能否緩解中小企業(yè)融資約束進行實證檢驗。檢驗結(jié)果表明:我國中小企業(yè)融資確實存在約束;以銀企之間成功交易的貸款次數(shù)代表的銀企關(guān)系能夠緩解中小企業(yè)融資約束;建立的關(guān)系銀行家數(shù)越多,企業(yè)面臨的融資約束情況越嚴(yán)重。
[Abstract]:As a part of the main economic body of our country, small and medium-sized enterprises play an irreplaceable role in expanding employment, scientific and technological innovation, increasing national tax revenue and promoting the development of national economy. The difficulty of financing hinders the development of SMEs and the contribution of SMEs, thus hindering the development of our economy. The main source of capital for small and medium-sized enterprises is bank loans. The difficulty of financing lies in the information asymmetry between banks and enterprises, and banks are unwilling to lend to small and medium-sized enterprises. Although small and medium-sized enterprises have inestimable development potential, due to their inability to provide transparent hard information, high operating risks and weak ability to resist risks in the external financial environment, these shortcomings are magnified in such an environment as asymmetric information. Bank loans to small and medium-sized enterprises become a kind of venture capital, so banks prefer to choose low interest rate loans to large enterprises to obtain stable profits, rather than risk high interest rate loans to small and medium-sized enterprises. It is difficult to find a better source of financing for small and medium-sized enterprises. To reduce the information asymmetry between banks and enterprises and to improve the lending attitude of banks to SMEs are the practical ways to solve the financing difficulties of SMEs. Based on the study of the relationship between banks and enterprises, this paper examines whether the deepening of the relationship between banks and enterprises can alleviate the financing difficulties of small and medium-sized enterprises. In terms of the variables to measure the relationship between banks and enterprises, this paper chooses the number of loans successfully traded between banks and enterprises and the number of relationship bankers established by enterprises. Generally speaking, the more transactions between banks and enterprises, the closer the relationship between banks and enterprises. The smaller the number of relationship bankers, the more stable the relationship. In order to test the degree of financing constraints, this paper chooses the cash flow sensitivity model to test the financing constraints of enterprises. Based on the bank loan data and enterprise characteristic data from 2008 to 2015, this paper makes an empirical test on whether the relationship between banks and enterprises can ease the financing constraints of SMEs. The results show that: the financing of SMEs in China does exist constraints; the relationship between banks and enterprises represented by the number of loans successfully traded between banks and enterprises can ease the financing constraints of SMEs; The more serious the financing constraints faced by enterprises.
【學(xué)位授予單位】：貴州財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F832.4;F275

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