银行规模、认知偏差与小企业融资

Bank Scale,Cognitive Bias and Small Business Financing

主流观点认为,银行机构与其融资对象之间存在"门当户对"规则。然而,我们调研分析发现,小企业面向大银行机构的"偏见"及对小银行机构的"偏爱",是其融资约束的自我塑因。与大银行机构建立了主融资关系的小企业,其融资境遇更佳。金融生态环境的向好变化,不仅能够强化大银行机构对小企业融资的支持力度,还可以辅助大银行机构校正小企业自身的认知偏差行为。本项研究结果的政策价值在于,在银行机构处于饱和状态的新经济环境中,缓解小企业融资难题,一方面应着力于激发大银行机构功能,优化信贷资金供给结构;另一方面需要对小企业进行"心理"辅导,创造与供给相对应的自身需求。

The mainstream viewpoint holds that banking institution and its financing object exists properlymatched rule. However, we find that small businesses are biased against big banking institutions and prefer small banking institutions, which is the self-plastic attribution of small businesses＇ financing constraints. The financing conditions of small businesses that have established main financing relationship with big banking institutions are better. Meanwhile, the positive changes of financial ecological environment dose not only strengthen the support of big banking institutions to small business financing, but also assist the big banking institutions to correct the cognitive bias behavior of small business. The policy value of this research is that banking institutions are facing saturation in the new economic environment for solving the small businesses＇ financing problem. On the one hand, it lies in stimulating the function of big banking institutions. And on the other hand, it lies in making ＂psychological counseling＂ for small businesses to realize mutual matching between the capital provider and demander, and it has become the best choice of decision-making.