| The relationship loan is one kind of comparatively important loan technology which has been widely used in SME(small and medium enterprises) financing. It is also a loan agreement to reduce credit risk for the SME in great degrees on the methods of establishment meticulous and comprehensive relationships between banks and SMEs, accompany with their full-scale cooperation. The characteristics of relationship loan are the short distance monitoring, renegotiation and implicative long-term collaboration agreement. Its main function is elimination information asymmetry phenomenon for both parts of the lending. On their studies, the scholars such as Berger, Udell, Berlin, Mester believe that commercial bank may benefit with SME financing analyses and decision-making through collect relative soft information in their long-term general intercourse with SMEs. Many scholars such as Petersen, Rajan, Berger, Udell testify that SMEs may obtain loan easier through establish close relationship with commercial banks in demonstration research. The technology of relationship loan has been pay more attention gradually and executed in practical utilizations. It has been widely used in SMEs financing in developed countries such as Japan and U.S.A and achieve positive effect. These years, the realistic possibility and mechanism designment for relationship loan has been deserved great attention in our country. In practical aspect, relationship loan is the impersonal choice in actual domestic capital market, and has great development prospects in SME outside financing. It will achieve popularization and deepening with the spring up of small and medium size finance institutions. In this thesis, we scientifically defined the definition of relationship loan, analyzed the advantages and disadvantages of relationship loan. We study its promotion function in SME outside financing theoretically in aspects such as information asymmetry, credit allocation, relationship administration rent. Through take relative experience in U.S.A, Korea and Japan for references, we carried demonstration study on its promotion functions in credit obtain and interest rate reduction. Finally, we integrate successful overseas experience with domestic finance environment to establish comprehensive evaluation model and WBDFS relationship loan system operation mode on the basis of our domestic actual operational environment, accompany with relative policy suggestions. |
