银行贷款规模歧视与中小企业信贷融资——基于山东省上市公司的实证分析  

Bank Lending Discrimination and Credit Facilities of SMEs——Based on Empirical Analysis of Listed Companies in Shandong Province

作　　者：油永华[1,2] 

机构地区：[1]山东政法学院商学院,山东济南250014 [2]山东省高校证据鉴识重点实验室,山东济南250014

出　　处：《系统工程》2012年第7期68-73,共6页Systems Engineering

基　　金：山东省社科规划项目(会计专项)(11CKJJ36)

摘　　要：通过因子分析计算偿债能力和企业规模等综合指标,与其他指标一起作为解释变量分析银行贷款和其他负债的影响因素和程度,分为大型企业、全部企业和中小企业等三类样本进行多元回归分析,并就其系数进行对比,结论为:企业规模的大小对银行贷款的产生正面显著影响且程度较大,中小企业更为明显;固定资产的较多有利于企业进行抵押或担保贷款,偿债能力对贷款数额影响不大;中小企业资产收益率越高,其收益多用于内源积累融资,减少银行贷款,也初步验证中小企业的优序融资现象。Firstly, this paper uses factor analysis to calculate the indicators of solvency and firm size by taking other indicators as explanatory variables to influence the factors and the extent of bank loans and other liabilities. Then, their coefficients are compared through multiple regression analysis of three kinds of sample enterprises large enterprises, all enterprises and small enterprises. Results show that： （1） firm size has a positive effect on bank loans to a great degree which is especially obvious in SMEs; （2） fixed assets are more beneficial to mortgage or secured loans; （3） solvency has little effect on the amount of loans; and （4） the higher the yield of SME assets is, the more the proceeds are used for the accumulation of endogenous financing to reduce bank loan, which verifies preliminarily SMEs phenomenon of the Pecking Order.

关 键 词：优序融资理论 银行贷款 信贷融资 规模歧视 

分 类 号：F230[经济管理—会计学]