我国中小企业贷款约束的影响因素分析

使用企业问卷调查数据 ,通过多元线性回归模型对我国中小企业贷款约束的影响因素进行实证分析 ,结果表明 ,中小企业的总体贷款约束程度较为严重。其中 ,贷款形式、融资成本和审批时滞是造成贷款约束的重要原因 ;企业的资产负债率和贷款负债比对银行贷款决策的影响较大 ;而密切的银企关系有助于缓解中小企业的贷款约束。本文并就经济转轨期中小企业融资困难的根源进行了探讨。

An Analysis of the Influenching Factors of Lending Constraints on China's SMEs

This paper used the data of enterprises questionnaire, through the multifactor linear regression model,analyzes the influencing factors of lending constraints on China's SMEs. The results have displayed that the total degree of lending constraints on small business is serious.Loan forms, financing cost and time lag for loan ratification are the important factors which result in lending constraints;the debt-to-assets ratio and the loan-to debt ratio of enterprises have a big influence on bank's lending decision relatively. But the close relationship between bank and enterprise contributes to alleviating the lending constraints on SMEs.This paper also explores the source of financing difficulties of SMEs under the transition economy.