An Analysis of the Loan Exit Gaming on Relationship Lending in China

This paper analyzes the loan exit on relationship lending in China. We define the relationship lending and analyze the value that both banks and borrowers will obtain in relationship lending, as well as some risks they will face, and then analyze the behaviors of loans exit with game theory. Our results suggest that, in general, relationship lending is helpful for the commercial banks and the enterprises to communicate information and enhance financing efficiency, while in the loan exit gaming, only when the decision of loan exit is made authentic promised by the banks, can the relationship lending effectively exert their positive function, and maintain the health cooperation between borrowers and lenders.

银企关系对制造业中小企业贷款利率的影响研究——来自江苏徐州和广西柳州典型样本的证据

通过对江苏徐州和广西柳州典型样本的调研发现,在中小企业贷款中,实际上存在着"绑定效应",当中小企业在银行的贷款占自己资金缺口的比重较大时,出于风险控制和攫取更多剩余的目的,银行会提高贷款利率;当中小企业的融资渠道较多时,银行贷款利率反而因为中小企业的融资需求旺盛而提高。用中小企业与银行的合作年限、中小企业在该银行贷款比重等进行衡量的银企关系深度越强,中小企业银行贷款利率反而越高,而用中小企业在银行开办的其他业务数量来衡量的银企关系的广度越强,中小企业贷款的利率则会越低。

银行往来关系研究理论及启示

在全球金融自由化和一体化的潮流下,银行业的竞争日趋激烈。随着信贷市场竞争的加剧,基于往来关系的银行业务正受到严峻挑战,银行往来关系也成为现代银行理论的热点问题和前沿课题。银行与企业往来关系是否存在,银行与企业往来关系的收益和成本如何衡量,银行往来关系的价值如何反映,都是值得深入探讨的问题。对银行往来关系领域相关问题的认真思考和准确把握,不仅对银行的发展战略和企业的融资决策具有重要意义,同时也是转轨经济金融制度设计理论的一个重要课题。

银行卡产业市场主体的利益关系

针对我国银行卡产业发展中的市场环境和产业规模等方面的问题而导致的产业竞争力不强的现实。通过考查国外银行卡产业市场中主要参与方、市场特点、竞争格局和银行卡产业的价格形成机制,结合我国银行卡产业的运行机制,研究并提出反映我国银行卡产业市场主体合理利益关系的定价机制。

银行与储户间利益关系的协调

银行与储户处于平等的法律地位,它们之间的利益关系表面上看起来简单,但实际上存在着许多利益冲突,而这些冲突的有效解决,对提高储户对银行的忠诚度和增强存款人的信心,促进我国银行业的稳定和健康发展会起到重要的作用。

Access-to-Credit and the Rate of Victimization in an Entrepreneurial Community

The scope of the paper is to empirically assess whether entrepreneurs experiencing difficulties in access-to-credit are vulnerable to some forms of victimization, especially when this refers to crimes more related to entrepreneurs＇ activity. The basic idea is that those entrepreneurs might be induced to fund themselves into the informal and criminal credit markets or, if informationally captured by a bank, can be exposed to requests from the financial intermediary that might also have a criminal profile. This has been investigated using an original data set with information collected through a victimization survey administered to entrepreneurs in Campania, the largest region in the South of Italy. The estimation results from a logistic equation are consistent with the hypothesis that, in presence of difficulties in accessing credit, the entrepreneur might incur in a higher risk of victimization.

利率变动对银行股价的波动影响研究——以A股上市银行为例

本文选择2007—2021年银行板块指数年数据和银行间同业拆放利率SHIBOR的年数据,建立VAR模型,并进行实证检验来尝试研究银行业股价和利率变动之间的相互关系。结果发现,利率与银行板块指数之间存在长期负向的均衡关系且利率能够影响银行股价。本文结合相关理论及实证检验结论提出相应的政策建议,继续推进利率市场化进程、加强政府对投资市场的监管、推进银行内部风控体系建设、提高投资者风险防范意识等。

利率市场化进程中的银企互动——上市公司购买银行理财产品的视角

银企关系在信贷资源配置中发挥着重要作用,然而现有研究大多仅着眼于单方面的企业对银行贷款的需要,而忽视了银企双向互动关系中银行对企业存款的诉求。本文基于中国利率市场化的制度背景,首次从上市公司购买银行理财产品的独特视角考察银企关系对银行获取企业(类)存款资金的影响。研究发现,相较于非关系银行,上市公司向关系银行购买的理财金额更高,而理财收益率更低。在做了一系列内生性和稳健性检验后,上述结果依然成立。基于银企相对地位的横截面检验表明,银企关系与理财收益率的负向关系程度在银行类型分别为大型国有商业银行、全国性股份制商业银行、地方性商业银行时依次递减,在企业持股银行情况分别为未持股银行、持股非关系银行、持股关系银行时依次递减,而在企业产权性质为民营企业时比国有企业时更强。进一步研究发现,基于银企关系签订的委托理财契约有利于企业维系与关系银行的信贷关系,持续地获取信贷资源的支持。最后,结合实体经济金融化的研究表明,企业向关系银行购买理财产品短期性地挤占了实体投资,而随着银企关系的深入,信贷资源的保障自然地化解了投资不足问题。本文的研究揭示了银企间双向互动的动态过程,为理解实体经济"脱实向虚"现象提供了崭新的视角,对于决策部门深化改革、促进生产要素市场化配置也具有重要启示。