This paper focuses on relationship lending and the hypothesis of the small bank advantage. It integrates the knowledge of organization management theory, management theory and information economics theory. It combines...This paper focuses on relationship lending and the hypothesis of the small bank advantage. It integrates the knowledge of organization management theory, management theory and information economics theory. It combines the decision-making process of bank loans and the information needs, and analyzes the scientificity and rationality of the existing interpretations. Based on the reasons of "small bank advantage", it discusses some issues to which banks and enterprises should pay attention in the relationship lending.展开更多
In essence, this market is an information market, and the flow of information leads to the allocation of resources. Enhancing the effectiveness of information disclosure can make the information exchange between diffe...In essence, this market is an information market, and the flow of information leads to the allocation of resources. Enhancing the effectiveness of information disclosure can make the information exchange between different market participants freely and effectively, so as to optimize the distribution of market resources, and promote the health of the entire capital market to develop rapidly and sustainably. As an important part of a country's financial, bank has a special corporate form and link with many different broad stakeholders, whether the information disclosure effective or not, the bank exert more influence to the capital market and society compared with ordinary businesses, what's more, the negative effect by the asymmetric information or disclosure failure is also far more big than ordinary enterprises. William Mcdonough, former chairman of the Basel committee on banking supervision, once said: "the greatest enemy of financial stability is a loss of confidence, but the greatest damage to the confidence is the lack of reliable information." Therefore, ensuring the quality of information disclosure and enhancing the effectiveness of listed bank information disclosure have a very important practical significance on safeguarding the legitimate rights and interests of the majority of investors and stakeholders and stable financial order.展开更多
文摘This paper focuses on relationship lending and the hypothesis of the small bank advantage. It integrates the knowledge of organization management theory, management theory and information economics theory. It combines the decision-making process of bank loans and the information needs, and analyzes the scientificity and rationality of the existing interpretations. Based on the reasons of "small bank advantage", it discusses some issues to which banks and enterprises should pay attention in the relationship lending.
文摘In essence, this market is an information market, and the flow of information leads to the allocation of resources. Enhancing the effectiveness of information disclosure can make the information exchange between different market participants freely and effectively, so as to optimize the distribution of market resources, and promote the health of the entire capital market to develop rapidly and sustainably. As an important part of a country's financial, bank has a special corporate form and link with many different broad stakeholders, whether the information disclosure effective or not, the bank exert more influence to the capital market and society compared with ordinary businesses, what's more, the negative effect by the asymmetric information or disclosure failure is also far more big than ordinary enterprises. William Mcdonough, former chairman of the Basel committee on banking supervision, once said: "the greatest enemy of financial stability is a loss of confidence, but the greatest damage to the confidence is the lack of reliable information." Therefore, ensuring the quality of information disclosure and enhancing the effectiveness of listed bank information disclosure have a very important practical significance on safeguarding the legitimate rights and interests of the majority of investors and stakeholders and stable financial order.