Bank Associated With The Company’s Financing Problem Research

Momentum of the rapid development of real estate industry in recent years, making such a capital intensive industry of real estate industry, became a major focus in the academic research. At present domestic scholars mainly from the perspective of capital structure, the research of real estate financing on corporate performance of listed company’s influence, the value of the company, etc, and largely is given priority to with empirical research. Although there are many inconsistencies, but abundant research results.In this paper,based on the related financing capital structure theory, considering the research achievements of previous scholars,from the perspective of bank relationship, study the effect of relationship bank funding problems for the company.This article adopts the method of combining theory and case analysis, in the real estate listed companies, for example, selecting has comparative analysis of four real estate listed companies as samples, the five years of data from2008to2012, this paper compares and analyzes the main research relationship Banks for loans availability, asset-liability ratio and the influence of the loan term structure.The conclusion of this article mainly has the following three points:first, the real estate listed companies by employ the persons with banking background as the company’s executives, can better improve the company’s financial information, help the company more easily through the loan approval process, in order to gain more bank loans; Second, through the establishment of a bank relationship can improve the standardization of the company’s financial information, allowing Banks to grasp more financial information, reduce the degree of information asymmetry between the two sides, which to a certain extent, reduce the cost of the bank information collection and monitoring, to improve the availability of a company loans; Third, establish a bank relationship can significantly extend the loan term structure, bring more long-term loans to the real estate listed companies, but in the case study and medium-term loan performance is not consistent, the state-owned bank real estate listed companies to establish a relationship can be steadily on the increase in its short-term borrowing,public and private real estate company, on the other hand, establishing bank relationship can significantly reduce the number of holding its short-term borrowing.