信贷担保契约安排的交易成本影响银行资产质量研究——来自新疆生产建设兵团的证据

A Study on the Transaction Cost of Credit Guarantee Contractual Arrangement and Bank Assets Quality——An Evidence from Xinjiang Bingtuan

信贷担保可以有效缓解信息不对称问题,间接提高借款人的信用等级,降低银行的信贷风险,但是,在存在交易成本的情况下,如果所支付的交易成本在减少不良贷款的同时,也导致了银行总资产缩水,且后者的数量大于前者,则此时的信贷担保将让银行资产质量因此而持续恶化。由于不同信贷担保方式的交易成本不同,新疆生产建设兵团的团场担保可以显著优化银行资产质量,而上市公司对外担保则会明显恶化银行资产质量。因此,银行在选择担保方式之际,必须考虑具体项目的交易成本。

Credit guarantee can effectively soften the problem of information asymmetry and indirectly upgrade the credit level of the borrower so as to decrease credit risk of banks.However,in the case of transaction cost,it will result in the total bank assets shrink although it cuts bad loans.And if the total assets shrink greatly,then the credit loans will worsen assets quality of banks.Due to different transaction costs of varying ways of credit loans,guarantee by Bingtuan farms would distinctly optimize bank assents while listed company would deteriorate bank assets quality.In short,the transaction cost of an item should be considered when a bank chooses the mode of guarantee.