借款人主权下的强制性制度创新:开封“正大”个案研究

Compulsory Institutional Innovation under Borrower Dominance:A Case Study of Kaifeng Zhengda Company

本文通过对开封正大有限公司弃中资银行而选择泰国盘古银行的个案分析 ,论证了信贷市场上借款人主权机制的确立和相应的市场后果。研究认为 ,第一 ,在信贷市场从短缺经济走向过剩经济的情况下 ,“服务溢价”成为关键性环节 ;第二 ,中资银行的制度约束限制了自身的竞争优势 ;第三 ,借款人主权对中资银行而言是推动其制度创新的一种强制性推动力。

This paper studies the lender-borrower relationship alternation case of Kaifeng Zhengda Company, showing the borrower's dominance and its institutional effects. The conclusions are as follows. First, service premium is a key issue of credit market with the transition from shortage economy to surplus one. Second, some institutional weakness restricts domestic banks' competitive advantages. Third, the borrower's dominance is a pushing-force for domestic banks' innovation.