影响中小私营企业银行融资因素分析

发布时间：2018-01-29 03:15

本文关键词： 中小私营企业银行融资信贷配给　出处：《华东理工大学》2013年硕士论文　论文类型：学位论文

【摘要】：改革开放以来,私营经济在国民体系中发挥了巨大的作用,在我国私营企业的主体是中小企业。但是,资金不足仍然是制约我国中小私营企业进一步发展的最主要障碍。在各种融资方式中,银行贷款因其低利率等优点成为企业间接融资的首选。但在信息不对称的市场环境下,银行往往会对中小私营企业实施“惜贷”政策。其中,企业自身特征是导致该现象的重要原因。基于以上的实际情况,本文在对中小私营企业基本概念进行界定的基础上,借鉴前人的研究成果,有针对性地分析了信贷配给政策下,中小私营企业自身特征对于取得银行贷款的影响,并得到一些有意义的结论。本文设立贷款数量和担保品价值作为银行贷款条件,在现有综合模型的基础上构建理论模型,分析了信用评级、企业规模、信息透明度以及借款时间等对银行融资的影响。并以深圳中小企业板上市私营企业作为实证研究对象,以2010年财务截面数据为基础进行了中小企业贷款因素的实证分析。本文研究表明,企业自身特征因素对于获取银行贷款具有重大影响,且不同特质对于短期贷款和长期贷款的影响存在差异性。在与中小非私营企业相比中,中小私企的劣势主要体现在了长期贷款上。在促进中小私营企业获得银行贷款的问题上,企业需要通过一系列转变使得自身满足银行的贷款要求,而国家需要完善金融体制,以更多的扶持手段增加中小私企长期发展资金的供给。
[Abstract]:Since the reform and opening up, the private economy has played a great role in the national system, the main body of private enterprises in China is small and medium-sized enterprises. The shortage of funds is still the main obstacle to the further development of small and medium-sized private enterprises in China. Bank loan is the first choice of indirect financing for enterprises because of its low interest rate. However, in the market environment of asymmetric information, banks often implement the policy of "sparing loans" to small and medium-sized private enterprises. Enterprise's own characteristic is the important reason that causes this phenomenon. Based on the above actual situation, this paper defines the basic concepts of small and medium-sized private enterprises, draw on the previous research results, targeted analysis of the credit rationing policy. The characteristics of small and medium-sized private enterprises to obtain bank loans, and get some meaningful conclusions. This paper set up the amount of loans and collateral value as bank loan conditions. On the basis of the existing comprehensive model, this paper constructs a theoretical model, analyzes the credit rating, enterprise size. The impact of information transparency and borrowing time on bank financing. Based on the financial cross section data of 2010, this paper makes an empirical analysis on the loan factors of SMEs. The research shows that the characteristic factors of enterprises have a significant impact on obtaining bank loans, and different characteristics have different effects on short-term loans and long-term loans, compared with small and medium-sized non-private enterprises. The disadvantages of small and medium-sized private enterprises are mainly reflected in long-term loans. In order to promote small and medium-sized private enterprises to obtain bank loans, enterprises need to make themselves meet the loan requirements of banks through a series of changes. The state needs to improve the financial system and increase the supply of long-term development funds for small and medium-sized private enterprises.
【学位授予单位】：华东理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F276.5;F832.4

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