“以存定贷”与中小企业信贷约束——山东省例证  

“Loan Based on Deposits” and the Credit Constraints of Small and Medium-sized Enterprises:A Case Study of Shandong Province

作　　者：郭琪[1] 彭江波[2] 

机构地区：[1]中国人民银行济南分行,山东济南250021 [2]对外经济贸易大学,北京10041

出　　处：《金融研究》2012年第12期165-177,共13页Journal of Financial Research

基　　金：国家社科基金重大招标项目"系统性金融风险防范和监管协调机制研究"(12&ZD069);中国人民银行总行2012年度重点研究课题<金融支持实体经济发展:非均衡效应与路径改善>;中国博士后科学基金项目(2012M510378)的阶段性成果

摘　　要："以存定贷"模式是当前中小企业信贷约束的体制性障碍。该模式割裂了货币与信贷市场,定向增强了中小企业放贷主体的流动性约束。进一步实证研究发现,当前以中小企业为主要服务对象的中小银行,其存贷比处于硬约束区间,且不存在实现最优信贷规模的均衡比例,这对中小银行的信贷能力产生明显抑制,提高中小企业信贷服务水平需要改革"以存定贷"模式。Loan based on deposits mode is a systematic obstacle of credit constraints of small and medium - sized enterprises （SME）. The model separates the monetary and credit market, and enhances directionally the liquidity constraints of main lending body to SME. Further empirical research demonstrates that the loan - to - deposits ratio of small and medium- sized banks （SMB） is in hard constraint interval currently, and does not exist an optimal proportion. This situation makes an obvious inhibition to the credit capacity of SMB. Improving the credit capacity to SME needs to cancel the loan -to -deposits ratio restriction.

关 键 词：以存定贷 存贷比 中小企业信贷 流动性约束 

分 类 号：F832.4[经济管理—金融学] F276.3F224