金融生态、企业内部控制与银行信贷资金配置

Financial Ecological Environment, Borrower's Internal Control and Allocation Efficiency of Bank Credit Capital

良好的金融生态环境和内部控制有助于商业银行对企业信贷风险进行评估,并据以做出高质量的信贷决策,进而能够改善信贷资金的配置效率。本文实证检验了不同金融生态环境下,内部控制对信贷资金配置的影响。研究表明,上市公司所处地区的金融生态环境越好、内部控制质量越高,越容易获得银行贷款,并且银行贷款的期限更长。进一步分析发现,相比于国有企业,金融生态环境的改善和内部控制质量的提高对民营企业债务融资能力的提升作用更大。

Good financial ecological environment and high quality internal control can help commercial banks assess the firms＇ credit risk to make a well credit decision and then improve the allocation efficiency of credit capital. This paper empirically studies the impact of internal control on allocation of credit capital under different financial ecological environments. The re- suits indicate that listed company, which locates better financial ecological environment and has higher quality internal control, is more likely to obtain bank loans, and the term of the loans are longer. Further analysis finds that compared with the state owned firms, the improvement of financial ecological environment and the quality of internal control plays greater roles on en- hancing the debt financing ability of the non-state owned firms.