信贷歧视与银行股份制改革——基于借款逾期公司的经验证据

Credit Discrimination and Joint-stock Reform in Banks:Evidence from Listed Companies with Overdue Loans

文章以2001-2012年借款逾期的上市公司为研究对象,从借款数量和借款成本两个角度检验了银行的信贷歧视行为,并以我国2003年底开始的银行股份制改革为背景,探讨了这一改革是否缓解了信贷歧视。研究发现,银行对借款逾期公司存在歧视,借款逾期的非国有企业比国有企业获得的贷款数量较少,贷款成本较高;与改革前相比,改革后借款逾期的非国有企业与国有企业在贷款数量和贷款成本上的差异明显减小,表明银行股份制改革对缓解信贷歧视具有积极作用。

Based on listed companies with overdue loans from 2001 to 2012,this paper tests credit discrimination in banks from the perspectives of borrowing amount and costs.Then it explores the alleviation role of joint-stock reform in banks since the end of 2003 in credit discrimination.It arrives at empirical results as follows:firstly,there is credit discrimination against companies with overdue loans;compared with state-owned enterprises,the non-state-owned enterprises obtain fewer loans with higher costs;secondly,the differences in loans and loan costs between non-state-owned enterprises with overdue loans and state-owned enterprises with overdue loans significantly decreases after the joint-stock reform in banks,showing the active role of joint-stock reform in banks in the alleviation of credit discrimination.