“小银行优势”在中小企业信贷市场的实证检验--基于中小板上市公司的经验证据

Empirical Study on the "Small Bank Advantage" in SME Credit Markets:Evidence from Empirical Data of the Listed SME in China

学术界对"小银行优势"假说的研究结论不同。本文选取我国154家中小板上市公司,利用其2006～2009年的贷款数据,通过分析不同规模的银行对中小企业贷款的特征,实证检验"小银行优势"假说在我国是否成立。研究结果发现,经营风险低,资产规模、生产规模和人员规模大的企业,更有可能成为大银行的贷款对象;而从小银行贷款的企业,主要依靠与银行的稳定关系,其贷款来源的银行数目较少。因此支持了"小银行优势"假说。

Abstract：The academic community have different conclusions about the study hypothesis of ＂＂ Small Bank Advantage＂. With loan data in the 2006 - 2009 period and the analysis of characteristics which different-sized banks lending to SMEs, this paper selected 154 small and medium listed companies of our country, and empirically tested ＂ small bank advantage＂ hypothesis are justified in our country. The results found that the companies which have low business risk, large asset size, production scale and large-scale corporate officers, are more likely become a loan objects of larger bank; while the companies which obtain loans from small bank rely mainly on the stable relationship with the banks, their sources of credit bank are fewer. Therefore＂ small bank advantage＂ hypothesis is supported.