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Bank-enterprise Relations Under Market Economy Conditions Studied

Posted on:2003-02-01Degree:DoctorType:Dissertation
Country:ChinaCandidate:S J LuoFull Text:PDF
GTID:1116360062496359Subject:Political economy
Abstract/Summary:PDF Full Text Request
The earliest paper that researches bank-firm relation, is financial capital theory. Hifatel and Linin, act as leaders of the theory. The theory systematically analyses the reason, regulation, movement method and impact on the society, and the impact on the social reform. Since the Second World War, the theory has been developing. Patma, in the name of representative, has put forward the financial hegemony theory. He thinks that the bank decides the firm, and controls right has been transferred to the bank.Modern theory of the research on the bank-firm relation aboard, that is on the basis of information economics, finance economics, management science of the enterprise, chiefly deal with contract theory of bank-firm debt regroup, the role and form of the bank in the government reconstruction of the firm. It's representative is new institution economist. Main view includes the bank-firm contract is not proper contract. Because of non-systemic information, we should escape the moral risk by proper contract, they design many programs of the bank-firm restitution; the role that the bank exercised on the firm is completed by debt constraint, and the bank influences the government construction of the firm by debt rights. The bank directly gives capital support to firms, and analyses the firms' ability of returning debt,and the bonding value, and make the load-decision.Qingmuchangyan, acting as representative, on the basis of the bank-firm relation regulation, analyses Eastern Europe bank-firm relation in the economic process of reform. He has put forward the importance and macro-role that the bank governs randomly the firm. Economist in the west, Goldsmith ,Gurley, E.S.Shaw and so on, research the relation of economic and finance, for example, the relation theory of economic basis framework and financial super construction, "finance deepening "and "finance restraint"theory. To solve the question of the "finance deepening" , the developingcountries should implement economic privation and finance liberalization. But the practice in the developing countries isn't succeeded. In fact, thequestion of the bank-firm is not so much simple. The question of the bank-firm in the home is mainly based on the property right theory, credit theory, information theory, and exchange theory. It analyses the reason of Chinese debt crisis of the bank-firm, brings forward many scheme of debt regrouping, the character of bank-enterprise in the market-directed economy, and the choice of objective mode.First, the author in the paper divides the bank-enterprise into three parts, namely finance agency, the activating theory of bank-firm, and does hackling observation and value work. He researches the relation of bank-firm in the condition of market-directed economy. By collecting related statistic data, the paper analyses the movement mode of modern bank-firm aboard, and review the decided factor of mode and development trend. Secondly, the author analyses the Chinese relation of bank-firm. Chinese relation of bank-firm has special history track, character, reason and problem. Because of it 's forming, it exist choice matter of objective mode. Besides describing these problems, the author tries to find its theory root.The paper is divided into preface and three chapters. Theory basis part includes finance intermediation theory, bank-firm motivating each other theory, finance capital theory, bank-firm evolved theory. It has regulation itself, and its generation varies under guidance of bank-firm theory. The finance intermediation theory, not only explain the reason the bank exists, but also why the enterprise need the bank, however it does not directly find debtor. This theory reflects bank-firm relation is credit relation. The bank and the firm is each other motivating. Long-term credit affair, tenancy affair, trust affair, transnational affair, international affair, is the need that the bank bring forward object requirement to the bank, yet the need that the bank change by financial environment's variation. The respect...
Keywords/Search Tags:Bank-firm relation, financial innovation, modern firm system
PDF Full Text Request
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