产权制度与中小企业贷款违约率研究  

A Study of the Property Rights Institution and SMEs' Loan Default Rate

作　　者：黄燕辉[1] 

机构地区：[1]厦门大学经济学院,福建厦门361005

出　　处：《征信》2013年第12期72-76,共5页Credit Reference

摘　　要：通过引入是否为国有控股以及国有控股比例两个解释变量基于128家上市中小企业样本进行实证分析。研究结果表明:相对于非国有控股中小企业,国有控股中小企业不仅具有更高贷款违约率而且与国有控股比例成正相关关系;尽管如此,在国有企业存在软预算约束以及政府担保背景下,商业银行还是更倾向于为国有控股中小企业提供贷款。An empirical analysis is made on the samples based on 128 listed small and medium-sized enterprises （SMEs） by introducing two explanation variants, i.e. state holding or non-state holding and the proportion of state holding. The results show that comparing with non-state holding small and medium-sized enterprises, there is posi- tive relevance for state holding SME between higher loan default rate and the proportion of state holding. Neverthe- less, commercial banks prefer to offer loans for state holding SME in the context of soft budget constraints and gov- ernment＇ s guarantee with the state owned enterprises.

关 键 词：产权制度 国有控股中小企业 贷款违约率 软预算约束 

分 类 号：F276.3[经济管理—企业管理] F830.5[经济管理—国民经济]