發(fā)布時(shí)間：2019-06-10 03:57

【摘要】：國(guó)內(nèi)外的相關(guān)研究一致表明,銀企間的信息不對(duì)稱(chēng)問(wèn)題直接導(dǎo)致了中小企業(yè)的融資難題。實(shí)證研究結(jié)果表明,關(guān)系型借貸可以有效緩解銀企間存在的信息不對(duì)稱(chēng)問(wèn)題。另外,銀企關(guān)系的強(qiáng)弱在抵押品要求等貸款合同條款上得到反映,并對(duì)中小企業(yè)的融資能力產(chǎn)生重要影響。本文在前人研究的基礎(chǔ)上,從關(guān)系型信貸和抵押品約束的角度,探討關(guān)系型信貸的影響因素和抵押品在關(guān)系型信貸中的作用。 本文的研究方法是以多元回歸模型和Logit模型為基礎(chǔ),利用來(lái)自某大型全國(guó)性股份制商業(yè)銀行濟(jì)南分行的292家中小企業(yè)申請(qǐng)授信的數(shù)據(jù),分別選用中小企業(yè)獲得的銀行授信審批額度和抵押品要求作為被解釋變量,均選用企業(yè)規(guī)模、信用評(píng)級(jí)、資產(chǎn)負(fù)債率、凈資產(chǎn)收益率和企業(yè)成立年限為解釋變量,求證關(guān)系型信貸的影響因素和抵押品約束對(duì)關(guān)系型借貸過(guò)程的影響�；窘Y(jié)論是,中小企業(yè)獲得信貸融資的能力與企業(yè)規(guī)模、信用評(píng)級(jí)、凈資產(chǎn)收益率和企業(yè)成立年限成正比,與資產(chǎn)負(fù)債率成反比。貸款合同中的抵押品要求概率與中小企業(yè)的規(guī)模及資產(chǎn)負(fù)債率正相關(guān),與中小企業(yè)的信用評(píng)級(jí)、凈資產(chǎn)收益率及企業(yè)成立年限負(fù)相關(guān)。 本文共分為六部分。第一部分為引言,從當(dāng)前宏觀經(jīng)濟(jì)及中小企業(yè)融資現(xiàn)狀背景下來(lái)論述研究關(guān)系型借貸的現(xiàn)實(shí)與理論意義,從而確立選題意義。第二部分對(duì)關(guān)系型借貸和抵押品這兩個(gè)關(guān)鍵概念進(jìn)行了界定,闡明了關(guān)系型借貸的理論基礎(chǔ)、存在、成因和影響因素,并重點(diǎn)說(shuō)明了抵押品在關(guān)系型借貸中的作用。第三部分介紹了美國(guó)和日本的關(guān)系型借貸制度及其借鑒意義。第四和第五部分分別是關(guān)系型借貸影響因素的實(shí)證分析和抵押品約束影響關(guān)系型借貸的實(shí)證分析。第五部分的實(shí)證研究以Logit模型為基礎(chǔ),利用第四部分中剔除沒(méi)有說(shuō)明抵押品要求的剩余的164個(gè)樣本,被解釋變量變更為抵押品要求以觀察抵押品在關(guān)系型信貸中的作用。第六部分基于以上的理論和實(shí)證分析,就如何通過(guò)發(fā)展關(guān)系型借貸來(lái)提高我國(guó)中小企業(yè)的信貸融資能力提出了相關(guān)對(duì)策建議。
[Abstract]:Relevant studies at home and abroad show that the problem of information asymmetry between banks and enterprises directly leads to the financing problems of small and medium-sized enterprises. The empirical results show that relational lending can effectively alleviate the problem of information asymmetry between banks and enterprises. In addition, the relationship between banks and enterprises is reflected in loan contract terms such as collateral requirements, and has an important impact on the financing ability of small and medium-sized enterprises. On the basis of previous studies, this paper discusses the influencing factors of relational credit and the role of collateral in relational credit from the perspective of relational credit and collateral constraints. The research method of this paper is based on multiple regression model and Logit model, and makes use of the data of 292 small and medium-sized enterprises from Jinan Branch of a large national joint-stock commercial bank to apply for credit. The bank credit approval quota and collateral requirements obtained by small and medium-sized enterprises are selected as the explained variables, and the size of the enterprise, credit rating, asset-liability ratio, return on net assets and the number of years of establishment of the enterprise are selected as explanatory variables. Verify the influence of the influencing factors of relational credit and collateral constraints on the process of relational lending. The basic conclusion is that the ability of small and medium-sized enterprises to obtain credit financing is proportional to the size of the enterprise, credit rating and the rate of return on net assets, and inversely proportional to the asset-liability ratio. The probability of collateral requirement in loan contract is positively correlated with the size and asset-liability ratio of small and medium-sized enterprises, and negatively correlated with the credit rating of small and medium-sized enterprises, the rate of return on net assets and the number of years of establishment of enterprises. This paper is divided into six parts. The first part is the introduction, which discusses the practical and theoretical significance of the study of relational lending from the background of the current macroeconomic and financing situation of small and medium-sized enterprises, so as to establish the significance of the selected topic. The second part defines the two key concepts of relational lending and collateral, expounds the theoretical basis, existence, causes and influencing factors of relational lending, and focuses on the role of collateral in relational lending. The third part introduces the relationship lending system between the United States and Japan and its reference significance. The fourth and fifth parts are the empirical analysis of the influencing factors of relational lending and the empirical analysis of the influence of collateral constraints on relational lending, respectively. The fifth part of the empirical study is based on the Logit model, using the fourth part to eliminate the remaining samples that do not explain the collateral requirements, and change the explained variables into the collateral requirements to observe the role of collateral in relational credit. Based on the above theoretical and empirical analysis, the sixth part puts forward some countermeasures and suggestions on how to improve the credit financing ability of small and medium-sized enterprises in China through the development of relational lending.
【學(xué)位授予單位】：山東大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類(lèi)號(hào)】：F832.4

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