Research On The Relationship Between Banks And Private Enterprises Related Debt Financing

With the development of private enterprises, the role of the private economy in our national economy growing significantly, but because of the prevalence of "credit discrimination" phenomenon, private enterprises and not enjoy sufficient credit resources, financing difficulties become obstacles to the development of enterprises. Causes of "credit discrimination" includes multifaceted phenomenon, one is under our current system environment, the banking sector Chinese bank dominated government control of credit resources to finance state-owned enterprises occupy a natural advantage, financing of private enterprises difficulties; on the other hand, China’s private enterprises in their financial system is not standardized, low level of information disclosure, own credibility is not high, it is difficult to obtain bank loans. Although corporate debt financing for academia conducted a lot of research, but mostly from the perspective of the formal system point of view, few scholars would study ways and means of private enterprises in debt financing from the informal system level, so this field can be used as post-study one direction. After collection and research literature can be found in the main form of private enterprise debt financing is one of the bank loan, the borrower factors hinder private enterprise is the information asymmetry between banks and enterprises. As an informal association bank system can reduce the information asymmetry between banks and enterprises, debt relief and financing constraints, help private enterprises to obtain sufficient credit resources to ensure the survival and development of enterprises, and promote the continuous growth of the private economy.In this paper, the associated debt financing theory, and summarized existing research at home and abroad to discuss the impact of enterprises through the establishment of related bank debt financing generated. In this paper, theoretical analysis and empirical method of combining, listed on the Shanghai and Shenzhen stock markets to December 31, 2014 issue A shares only 1379 non-financial private enterprises section data for the study sample, the bank association study of private corporate debt financing process and the impact of difficult circumstances, and collect research data, the data provide a better foundation for future research. After the study found that companies can obtain funds through bank debt associated more bank loans and longer term; the higher the degree of associated banks, financing companies can obtain greater, more long-term loans also. According to research findings, this paper can serve as business executives by hiring staff with banking background to mitigate the information asymmetry between banks and private enterprise, to help companies get enough credit.