银行信任视角下我国小微企业的信贷约束研究*——基于问卷调查的实证分析

信贷关系中的信任可以减少代理行为和机会主义行为倾向，对缓解小微企业信贷约束有重要启示。本文通过调查问卷获取样本，基于银行信任的研究视角，借助广义结构方程模型从三个维度(信贷可获得性、贷款利率和抵押要求)实证检验银行信任对小微企业信贷约束的影响。结果显示，银行对小微企业较高程度的能力信任和诚实信任有助于提升小微企业的信贷可获得性，但对贷款利率及抵押要求无显著影响。本文为小微企业信贷约束研究提供了一个全新的视角。

STUDY ON CREDIT CONSTRAINTS OF CHINESE SMALL AND MICRO ENTERPRISES FROM THE PERSPECTIVE OF BANK TRUST——Evidence from a Questionnaire Survey

Trust within lending relationship has important implication for alleviating credit constraints for small and micro enterprises because it can reduce both opportunistic tendency and agency problem. This paper empirically examines the impact of bank trust on small and micro enterprises credit availability on the basis of survey data by applying General Structural Equation Modeling (SEM). The results indicate that a high level of ability trust and integrity trust is helpful to small and micro enterprises in improving credit availability. However, bank trust plays no significant role in decreasing the loan rate or relieving the collateral requirement. This paper provides a new perspective for studying credit constraints of small and micro enterprises.