法律、信用与银行贷款决策——来自山东省的调查证据  

Law,Credit and Banks' Lending Decision:Evidence from Shandong Province

作　　者：钱先航[1] 曹廷求[1] 

机构地区：[1]山东大学经济学院,山东济南250100

出　　处：《金融研究》2015年第5期101-116,共16页Journal of Financial Research

基　　金："泰山学者"专项工程资助;国家社科基金重大项目(12&ZD069);国家自然科学基金项目(71302088);山东省社科规划项目(13DJJJ10);中国博士后基金特别资助(2014T70626);山东省博士后创新基金(201303081)的阶段性成果

摘　　要：本文基于山东省的调查数据,考察了法律保护、法律执行及信用环境对银行贷款决策的影响,并检验了信用在不同正式制度下的作用差异。结果表明法律保护不利于个人和中小企业融资,但在法律执行好的地区,银行会降低审查要求且有较少的不良贷款,表明对银行而言,法律执行比法律保护更重要。信用的完善能够降低贷款审核要求、定价、不良贷款并提高银行绩效。分组检验的结果显示信用环境对贷款审核、定价和结构的作用只在法律执行差的地区才会显现或程度较大,但对不良贷款和绩效则相反,这表明在贷款过程中,法律执行和信用具有替代性,但从结果来说(不良贷款和绩效)二者存在互补性。This paper examines the relationship among legal protection, law enforcement and credit environment and banks＇ lending decision using survey data of Shandong Province, and further investigates the role of credit in different formal institutional environment. The results show that the legal protection is not conducive to personal and SME financing, but in area with better law enforcement, the bank will reduce loan requirement and have lower non -performing loans, which indicate that law enforcement is more important than legal protection for banks. And in the area with better credit environment, the bank will reduce loan requirement and farmer loans＇ pricing, and decrease non - performing loans and improve performance. Then, the split - sample results indicate that the impact of credit on loan auditing, pricing and structure only exists or greater in the area with poor law enforcement while the non - performing loans and performance is on the contrast. We conclude that law enforcement and credit environment are complementary in banks＇ lending process but alternative in lending results.

关 键 词：法律保护 法律执行 信用环境 贷款决策 

分 类 号：D922.28[政治法律—经济法学] F832.4[政治法律—法学]