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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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【Citations】
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
2 Cao Min, He Jia & James Poon (CUHK, CUHK&CEIBS and ING);Financial Intermediation and Relationship Banking[J];Economic Research Journal;2003-03
3 Zhou Haowen,Li Hui;Relational Financing in Small-midium-sized Enterprise: Concrete Evidence and Theoretic Explanation[J];Nankai Business Review;2005-01
【Co-citations】
Chinese Journal Full-text Database 9 Hits
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
3 HUANG Bing-yi~(1,2) (1.Guanghua School of Management of Peking University,Beijing,100871,China;2.Center for Accounting Studies of Xiamen University,Xiamen,Fujian,361005,China);Empirical Study On the Relationship between Banking Relationships and the Agency Cost of the Corporation:Evidence from Chinese Listed Private-controlled Companies[J];Economic Management;2008-02
4 MA Hong(School of Economic,South-Central University For Nationalities,Wuhan 430074,China);Research of the Bank-enterprise Relation and Financing Constraints in China[J];On Economic Problems;2007-06
5 Meng Lifeng,Liu Yuanyuan (Business School,Tianjin University of Commerce, Tianjin 300134,China);Research on Growth and Region Selection of Small and Medium-Sized Enterprises in Tianjin[J];Science & Technology Progress and Policy;2009-04
6 WU Jie(Business School,Nanjing Univ.,Nanjing 210093,China);Relationship Lending of SMEs in Local Credit Markets[J];Journal of Nanjing Normal University (Social Science Edition);2005-06
7 Xiong Xiong1, Ma Jia1, Zhao Wenjie2, Wang Xiaoyan1, Zhang Jin3 1. School of Management, Tianjin University; 2. Shenzhen Development Bank; 3. Business School, Tianjin University of Finance and Economics;Credit Risk Analysis of Supply Chain Finance[J];Nankai Business Review;2009-04
8 LI Gao-yang(Department of Enterprise Development,Zhenjiang National High-Tech Innovation Service Centre,Zhenjiang 212009,China);On Influencial Factors of the Growth of Medium and Small-sized Enterprises in Cities in Western China[J];Technology and Innovation Management;2009-06
9 XU Xiaoping LI Meng;The Study of Trade Credit Supply:the Evidence from SMEs in Shanghai[J];Journal of Financial Research;2009-06
【Secondary Citations】
Chinese Journal Full-text Database 3 Hits
1 JIANG Hai (School of Economics, Jinan University, Guandong Guangzhou 510632,China);Unsymmetrical Information,Incomplete Contract and Built-up of Credit Institution in China[J];The Study of Finance and Economics;2002-02
2 Huang Jinlao;Market-oriented Interest Rate and Risk Control of Commercial Banks[J];Economic Research Journal;2001-01
3 Lee Zhiyun (China Center Economic Research, Peking University);Banking Structure and the Small-Medium-Sized Enterprise Financing[J];Economic Research Journal;2002-06
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