关系型借贷、银行竞争与中小企业融资研究述评

A Survey on Relationship Lending,Bank Competition and Credit for SMEs

目前,银企关系、银行竞争对中小企业信贷融资的影响还存在争议。本文系统梳理了银企关系和银行竞争对中小企业融资影响的相关文献,从中小企业借贷可得性、成本和风险的角度,全面考察了银企关系和银行竞争的影响,同时分析了两者的相互作用。结果显示,银企关系、银行竞争会对中小企业信贷融资产生影响,且银企关系与银行竞争之间存在交互作用,但银企关系、银行竞争对中小企业融资的具体影响方向、大小存在显著的国别差异。在考察我国中小企业信贷融资过程中,需要结合宏观经济和信贷市场实际情况,区分不同理论的适用性,以期为缓解中小企业融资难题的研究和实践提供借鉴。

There are widespread controversies on how relationship lending and bank competition affects credit financing for SMEs.This paper systematically reviews related literatures,analyzes this impact from the view of credit accessibility,cost and risk for SMEs.In addition,we study the mutual influence between relationship lending and bank competition.The result shows that relationship lending and bank competition could affect the credit financing for SMEs,but there are significant differences in different countries on the specific impact.We should combine the macroeconomic and credit market situation on the credit financing of SMEs.This paper aims to provide a reference for future research and practice on relieving the financing difficulties for SMEs.