企业家荣誉对银行信贷合约的影响研究  

The Impact of Entrepreneurs Honor on Bank Credit Contract

作　　者：刘茉[1] 王文忠 刘勋[3] 

机构地区：[1]对外经济贸易大学国际商学院,北京100029 [2]中油财务有限责任公司金融与会计研究所,北京510006 [3]渤海银行总行,天津300074

出　　处：《技术经济与管理研究》2017年第2期66-72,共7页Journal of Technical Economics & Management

基　　金：河北省社会科学基金项目(HB15GL075)

摘　　要：基于声誉理论,利用2007-2011年我国沪深A股民营上市公司样本,检验企业家所获荣誉在信贷市场上的信号传递和鉴证作用对银行信贷合约的影响。发现企业家荣誉能有效促进民营企业获得银行信贷支持,表现为:对未获得荣誉的企业而言,企业家获得荣誉的企业,更会获得信用贷款且所获信用贷款规模较大,反之则更不会获得担保贷款且所获信用贷款规模也较小。并且,企业家荣誉级别越高、数量越多,越会获得信用贷款,与信用贷款规模正相关;越不会获得担保贷款,与担保贷款规模负相关。研究还发现,在促进民营企业银行信贷支持方面,企业家荣誉和政治关联二者之间呈现相互替代的关系。Taking as a sample of privately-owned firms listed in Shanghai and Shenzhen markets in China from 2003 to 2010,based on reputation theory, we have made a study on how signaling and forensic role from honors of entrepreneurs to affect the credit contract of banks in the credit market. We have discovered that entrepreneurs＇ honors can effectively help private companies to get the support from bank. Specifically, compared to those without honors, those with honors can be more likely to get credit loans and to get much more, but less likely to have secured loans and the scale will be also smaller. Moreover, higher and more honors of entrepreneurs, the chance and scale for credit loan will be greater, but for the secured loan will be the opposite. By further study, we have found that the relationship between entrepreneurs honor and political connection is mutually alternative in acquiring bank credit support for private enterprise.

关 键 词：企业家荣誉 信用贷款 担保贷款 政治关联 

分 类 号：F276.5[经济管理—企业管理]