Research On The Impact Of The SMEs’ Relationship Lending By Financial Ecological Environment And Bank Size

As an important part of China national economy, the small and medium-sized enterprises plays an decisive role in promoting national economic growth, stimulate domestic demand and increase employment opportunities. However, the financing situation of SMEs is unsatisfactory, which constraint the development of small and medium-sized enterprises. Among those difficulties, the information asymmetry between banks and enterprises is the most fundamental reason. Because the size of SMEs determines its information characteristics, which leads to the enterprise basic information can’t be fully understand by the banks, thus resulting in "credit unwillingness" by banks and other financial institutions.Based on this, this thesis will use three-year disclosed data before listed in Shenzhen SME board listed companies as research sample to analysis the financing availability effect of bank enterprise relationship between China’s banks and SMEs, beyond that, thesis also discuss the influence of bank scale and financial ecological environment to the relationship lending availability of SMEs. Under the starting point of the relationship between banks and enterprises, by summarizing research in domestic as well as foreign, we put forward three assumptions below:First, better relationship has a positive effect on increasing possibility of relationship lending in SMEs; Second, relatively better financial ecological environment will also have a positive effect on increasing possibility of relationship lending in SMEs; Third, relatively small-sized banks are more likely lending relationship loans to small and medium-sized enterprises.The empirical results show that:the closer relationship between banks and SMEs has a positive effect in increasing the possibility of credit financing, and improving the financial ecological environment also has a promoting effect in helping SMEs gets relationship lending, but the scale of bank shows indifferent influence in possibility of relationship lending to SMEs. Thus, since our country’s economy entered a critical period of transition, widely using relationship lending which based on relationship between banks and enterprises can effectively improve the financing situation of small and medium-sized enterprises. Besides, significantly improving the financial ecological environment also can help to promote this new financing technologies which can help solving the financing difficulties of SMEs. However, small and medium-sized banks shows no evident of advantage in the field of SMEs’relationship lending credit. Those conclusion above provides empirical evidence on the support for improving the status of SME financing.