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《Journal of Finance and Economics》 2009-10
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Bank-firm Relationship and the Growth of SMEs:Evidence from the Value of Relationship Lending

HE Ren1,WANG Wei-cheng2(1.School of Finance,Shanghai University of Finance and Economics,Shanghai 200433,China; 2.Department of Finance,Insurance,and Real Estate,Washington State University,Pullman 99163,USA)  
Based on the survey of World Bank on 1 186 Chinese SMEs of 18 cities,the paper makes an empirical study on the correlation of bank-firm relationship and the growth of SMEs in China. It finds that the numbers of relationship banks and the time of maintaining these relationships have negative effects on the growth of the enterprises. But the relationship degree formed by enterprises' collection of credits by using relationship has a positive effect on the growth of the enterprises,especially in larger enterprises,non-state-owned enterprises and groups under weak market competition. The paper provides empirical evidences on the practice of the theory of SMEs' relationship lending in China and also reveals the application value of SMEs' relationship lending.
【Fund】: 上海财经大学“211”三期项目基金资助
【CateGory Index】: F832.4;F276.3
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Chinese Journal Full-text Database 3 Hits
1 LU Yi-bo1,SU Jing-qin1,FU Yu2(1.School of Management,Dalian University of Technology,Liaoning,Dalian 116023; 2.Department of Economics & Finance,University of Durham,United Kingdom,Durham DH1 3HY);Research on Growth Drivers of Small and Middle Sized Enterprises in China——An Empirical Study on the North-East Areas of China[J];China Industrial Economics;2008-01
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1 ZHOU Xin-jun (Transportation and Economics Institute,China Academy of Railway Sciences,Beijing 100081,China);Inter-relationships between the Shareholding Structure and the Operating Performance[J];Journal of Shandong Institute of Business and Technology;2008-04
2 DENG Ke-bin1,HUANG Li-gang2(1.School of Economics,Guangdong University of Foreign Studies,Guangzhou 510420,China;2.School of Economics,Jinan University,Guangzhou 510632,China);Bank Scale and Managers' Incentive—Research Based on China Context of Information and Uncertainty[J];Modern Economic Science;2007-02
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【Secondary Citations】
Chinese Journal Full-text Database 3 Hits
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