大贷款人角色：我国银行具有监督作用吗？

The Role of the Great Creditors:Do the Banks in China Have the Monitoring Effect on the Borrowers?

目前,银行贷款仍是我国企业的主要融资途经之一,但是作为大贷款人,银行能否发挥监督作用呢?本项工作比较了两项银行贷款政策——贷款利率和贷款续新,结果发现,贷款利率与借款人财务状况之间有正向压力传导效应,即业绩越好,贷款利率越低,说明存在监督作用,但是贷款续新与借款人财务状况之间的情况则相反,业绩较差,获得续贷的可能性更高。经过分析本文认为,我国银行作为大贷款人已具有一定的监督作用,且主要通过贷款利率政策体现出来,但贷款续新政策反映的主要是银行的融资作用而不是监督作用。

Bank loans are major financing recourses for the finns in China. However, do the banks as the great creditors monitor the borrows effectively？ Two bank loan policies are studied in this work, one is the loan interest rate and the other is the loan renewal. We find that a positive pressure transfer effect existing in the relation of the loan interest rates and tile performance of the borrowers, that is the better the performance, the lower the interest rate. However, a contrary relation is found between the loan renewals and the performance of the borrowers, that is the worse the performance, the more possibility to have the loan renewals. Our conclusion is that the banks in China do monitor their borrowers as the great creditors which could be observed through the loan interest rates, and the loan renewals only reflect the bank financing effect, not the monitoring effect.