文档介绍：银企关系、制度环境与中小微企业信贷可得性
Bank-firm Relationship, Institutional Environment
and MSME Credit Availability

何韧
(He Ren)

上海财经大学金融学院
(School of Finance, Shanghai University of Finance and Economics)

作者:
何韧(1969-),江苏南京人,上海财经大学金融学院副教授;研究领域:公司金融、商业银
行管理。

联系方式:
何韧上海市国定路 777 号上海财经大学金融学院(邮编:200433)
Email:******@. 电话:**********

本研究受国家社会科学基金项目“我国商业银行中小企业关系借贷及其应用研究”
(11BJL027) 资助。
1
银企关系、制度环境与中小微企业信贷可得性 
Bank-firm Relationship, Institutional Environment
and MSME Credit Availability

内容提要:本文以国内 23 个大中城市的企业调查数据为样本,就我国中小微企业银企关系
特征与地区制度环境差异对这些企业信贷可得性的影响进行了实证研究。结果表明,我国中
小微企业随着规模的增加,银行信贷可得性水平呈现上升趋势,且企业保持较多的关系银
行数量能够显著增加其信贷可得性。另一方面,地区经济发展水平和金融深化程度的提高也
能显著增强企业的融资能力,并且在较好的制度环境下,经济发展水平和法制化环境的改善
对中小微企业长期银企关系的正向贷款效应具有显著的促进作用。但是,银行业市场竞争的
加剧对中小微企业贷款会产生显著的不利影响。本文的研究启示在于,适应于我国中小微企
业和商业银行保持密切联系的关系借贷技术只有在良好的制度环境中才能发挥积极的作用。

关键词:银企关系;关系借贷;制度环境;信贷可得性;中小微企业

JEL 分类号:G21 L22

Abstract:Using the enterprise survey data from 23 domestic large and medium-sized cities in
China, this paper investigates empirically how the banking relationship characteristics and
institutional environment differences affect MSME credit availability. We find as the firm size
increases, the credit availability level shows a rising trend, and the firms that work with more
banks have enhanced access to loans. Our results also show that the better level of economic
development and financial deepening degree can significantly improve the credit availability,
meanwhile in the areas with better economic development environment and legal arrangement, the
longer bank-firm relationship increases the likelihood that MSME`s access to financing. However,
we also find the banking petition has significant adverse effects on MSME credit
availability. These findings suggest that only in a good institutional environment in China the
relationship lending technology which adapts to the MSME mercial bank can play a
positive role.