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论文编号：	7542
作者编号：	2120132428
上传时间：	2015/6/12 18:29:17
中文题目：	独立董事银行背景对中小企业信贷融资的影响研究
英文题目：	The Independent Directors Banking Background Research on the Influence of the Small and Medium-sized Enterprise Credit Financing
指导老师：	张玉利
中文关键字：	独立董事银行背景；信贷融资；数据包括分析
英文关键字：	The independent director banking background; Credit financing; Data envelopment analysis
中文摘要：	中小企业已成为我国企业群体中最多又最具创新能力的一个群体，它的发展对我国国民经济有着极其重大的意义。它在民生的改善、促进就业和创新增收方面助益良多。可是一直，由于直接融资在法律和制度上各种规定，这些较高的准入机制让中小企业难以进入证券市场。在资本市场上，中小企业获得的较差的直接融资的效果让中小企业难以满足已有的融资需求，因此，银行的信贷融资就成为了中小企业融资的重要方式。由于中小企业信用和担保问题的存在，再加上银企间天生的信息不对称问题，使我国商业银行大多只重视对大企业的资金支持，中小企业的信贷缺口越发严重。无比艰难的环境严重影响中小企业的积极性和生产持续性。 本文在资源依赖理论、声誉理论、信贷理论等理论的背景下研究独立董事银行背景对中小企业信贷融资问题的影响。本研究先对我国目前中小企业的银行信贷融资情况进行了分析，再利用中小企业板块的2007年到2013年间的数据，用spss回归验证了独立董事银行背景对中小企业信贷融资的影响。最后，在独立董事银行背景的影响下笔者运用DEA软件分析2009年和2011年我国中小企业信贷融资方面的筹资效率和配置效率。在经过实证研究之后，笔者总结出以下结论。 （1）我国中小企业的信贷融资渠道较为单一，近年来中小企业的信贷融资状况在有关部门的重视下有了一定程度上的改善。但是另外，中小企业信贷融资方面由信息不对称导致的道德风险和逆向选择依旧较常见。（2）独立董事银行背景对我国中小企业信贷融资有显著影响。这主要体现在在同等情况下，具有独立董事银行背景的中小企业可以从银行获得更多的贷款，同时可以降低获得银行贷款的成本，并且提高长期贷款的比率，从而优化自身的信贷结构。（3）2009年我国中小企业在独立董事银行背景的影响下筹资效率是趋于有效的，但是2011年由于规模不经济下降明显。而一直来，我国中小企业在信贷融资方面的主要问题为配置效率的低下，我国中小企业未能合理分配资源，组织生产，实现最优化利润。
英文摘要：	Small and medium-sized enterprises have become a group which is the most and the most innovative in our country enterprise group, its development has extremely important significance of China's national economy. It is helpful for the improvement of the people's livelihood, promoting employment and increasing innovation income. But, for a long time, as a result of direct financing in various types of rules and laws, these high access mechanism makes it difficult for small and medium-sized enterprise to enter the securities market.In the capital market, with poor effect of direct financing for small and medium-sized enterprise is difficult to meet the demand of existing financing. As a result, the bank credit financing has become an important way of small and medium-sized enterprise financing. But, as a result of the existence of small and medium-sized enterprise credit and guarantee,combined with natural information asymmetry problem between the bank and enterprise,it makes the most of China's commercial Banks only attach importance to financial support on big companies, the small and medium-sized enterprises credit gap has become even larger.The extremely difficult environment seriously affects the enthusiasm of small and medium-sized enterprises and sustainability. Based on the resource dependence theory, and the reputation theory, credit theory,this paper study independent directors Banks background on the impact of financing small and medium-sized enterprise credit problems.This study first analyzes the small and medium-sized enterprises (smes) in bank credit financing, and then verify the independent directors banks background on the impact of small and medium-sized enterprise credit financing by SPSS regression using small and medium-sized enterprises sector data from 2007 to 2013. Finally,under the influence of the independent director banking background,the author uses DEA software to analyze the China's small and medium-sized enterprise credit financing efficiency and allocative efficiency in 2009 and 2011.After empirical research, the author summarizes the following conclusion. our small and medium-sized enterprises credit financing channel is relatively single, in recent years, under the attention of the relevant departments,small and medium-sized enterprises credit financing conditions have a certain degree of improvement. But,on the other hand, because of information asymmetry,small and medium-sized enterprises credit financing risk of moral hazard and adverse selection are still relatively common.(2)independent directors Banks background has a significant influence to our small and medium-sized enterprises credit financing.Under the same circumstances, Independent directors banking background of small and medium-sized enterprises can get more loans from the bank and can reduce the cost of access to bank loans at the same time, and increase the ratio of long-term loans, thus optimizing the credit structure of its own. (3) in 2009, under the influence of the independent director bank background,our small and medium-sized enterprises financing efficiency is tend to be more effective.But because the scale efficiency is not economic, the financing efficiency declines obviously in 2011. And for a long time, the main problems in the credit financing of small and medium-sized enterprises in our country for allocation efficiency is low, small and medium-sized enterprises in our country fails to allocate resources, organize production, the optimum profits.
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