摘要
本文通过剖析山东省银团贷款组织成功与失败的两个典型案例,分析了银团贷款成功需要必备的三个条件;目标市场不确定性强;银行业市场的低垄断性;以及多次重复博弈回合。得出了省以下银团贷款目标市场存在于县域民营企业,同时银团贷款也是支持民营企业最有效方式的结论。
This paper reviews two cases of syndicate loan in Shangdong province to show three necessary conditions for the success of syndicate loan. The first is that target market is of high uncertainty . Second, the credit market structure is competitive and decentralized. Third, the game should be infinitely repeated. As a corollary, the syndicate loan under provincial level should be targeted on private - owned enterprise financing at county level.
出处
《金融研究》
CSSCI
北大核心
2002年第12期101-108,共8页
Journal of Financial Research
关键词
目标市场
制度创新
银团贷款
案例
syndicates loan, target market, institutional innovation
