关系型借贷对中小企业融资成本的影响——基于广西中小企业调查的实证研究

文章在研究关系型借贷理论的基础上,分析了中小企业的关系型借贷与融资成本之间的关系,通过构建计量经济模型实证研究了合作的银行数量、银企合作时间、企业的人情消费和银企关系的满意度等因素对中小企业融资成本的影响.研究发现：银企关系的满意度和企业销售额与贷款利率呈显著的负相关关系;银企合作时间等其他因素符合假设但并不显著.最后,从企业、银行和政府的角度,提出了降低中小企业融资成本的相关政策建议.

Impact of Relationship Lending to SMEs Financing Costs

Based on the theory of relationship lending, this article analyzes the relationship between relationship lending and financing costs of SMEs. The article constructs an econometric model to study the effects of the number of banks in cooperation with SMEs, the time for SME to cooperate with the bank, corporate human relation consumption and SMEs＇ s satisfaction with banks and other factors on SMEs financing costs. The study finds： there is a significant negative correlation between SMEs relationship satisfaction and SMEs sales with the interest rate of loans ; bank-enter- prise cooperation time and other factors are consistent with the hypothesis but not significant. Finally, from the enter- prise, bank and government＇ s point of view, this article puts forward some advices about reducing the cost of financ- ing for SMEs.