金融市场发展、银企关系与民营企业信贷融资关系  

The Development of Financial Market,the Relationship Between Banks and Enterprises and the Credit Financing of Private Enterprises

作　　者：梁少定 LIANG Shao-ding(Chengyi College,Jimei University,Xiamen,Fujian 361021)

机构地区：[1]集美大学诚毅学院经济系,福建厦门361021

出　　处：《湖南第一师范学院学报》2020年第3期122-128,共7页Journal of Hunan First Normal University

基　　金：福建省社科青年基金项目“基于生产性服务业与制造业融合视角的福建省产业结构升级研究”(FJ2016C142)。

摘　　要：通过以我国2010—2016年民营上市公司为研究对象所进行的金融市场发展、银企关系和企业信贷融资关系的实证研究发现:(1)银企关系对民营上市公司信贷的可获得性有正向影响,具有银企关系的民营企业获得的银行信贷显著高于没有银企关系的企业;(2)银企关系对民营上市公司的信贷成本有负向影响,民营企业建立的银企关系有助于降低企业的借款成本;(3)对于金融市场化程度越低地区的民营上市公司,银企关系对于促进企业信贷融资的效应更加显著,即银企关系更有助于增强信贷获取和降低信贷成本。This paper takes private listed companies in 2010-2016 as the research objects, and empirically studiesthe relationship among financial market development, bank-enterprise relationship and corporate credit financing. Itfinds out that: (1) Bank-enterprise relationship has a positive impact on the availability of credit of private listed companies.The bank credit of private enterprises with bank enterprise relationship is significantly higher than that of enterpriseswithout bank enterprise relationship. (2) The relationship between banks and enterprises has a negative impacton the credit cost of private listed companies. The bank-enterprise relationship established by private enterprises helpsto reduce the borrowing cost of enterprises. (3) For the private listed companies in the lower degree of financial marketization,the effect of bank-enterprise relationship on promoting corporate credit financing is more significant, thatis, bank-enterprise relationship is more conducive to enhancing credit access and reducing credit costs.

关 键 词：银企关系 信贷可获得性 信贷成本 金融市场 

分 类 号：F272.3[经济管理—企业管理]