Research On The Enterprises’ Bank Loans Effect From Political Connections Of Different Levels Under The Background Of Transition Economy

After the period of financial crisis，the Chinese private enterprises show strongerthan ever.This allows scholars to its political relevance research is more than ever,especially political connection on the bank loan research over the past two years appearsespecially urgent.Taking the private enterprises bank loan as the starting point, empiricalstudies of2008-2010572private enterprises politics of civilian battalion businessassociation on the bank loan effect.According to the data analysis, a political associationof private enterprises easier access to bank loans, this and previous research reach aconclusion. At the same time, this study also political connections were divided intocentral and provincial and local government political connections, the privateenterprises the local government political connections to is better than that of the centraland provincial politics associated conclusion. Taking into account the effect of theprocess of market, local government political connections in the process ofMarketization of high area on the private enterprises bank loan impact is relativelyweak.From this we can see that, by the financial crisis of the Chinese private enterprises,the financing bank depend on local government ’s path has not been substantive change,this transformation requires the development of marketization process.