Monetary Policy?Asset Size And Business Credit Occupation

Commercial credit company as an important source of funds, more and more attention and applied widely. Commercial credit generation there are two main reasons- business and finance motive motive. Business motivation emphasizes the presence of commercial credit is intended to reduce costs, the implementation of quality assurance in order to implement or discriminatory prices. Financing motivation that when serious credit rationing, the company was unable to obtain financial support from banks and other formal financial system, the commercial credit financing has motivated attendant, played a role in the formal financial supplement. Since the existence of commercial credit is based on two motives alone balance of commercial credit from commercial credit to research does not really reflect the true motive of its existence, we use commercial credit turnover pushed to the length of the occupation of commercial credit, we believe that only the amount of large and long occupation of commercial credit is a financing motivation.However, small companies have now become an integral part of the national economy. However, funding difficulties have been difficult problem facing small companies in growing. China's financial industry underdeveloped financial system is imperfect, high barriers to entry into the stock market, making the problem of financing small companies particularly notable. Smaller companies generally difficult to reach into the security requirements, and therefore they want to obtain direct financing is very difficult, have to consider other indirect financing. Commercial credit is transaction-based, financing and financing thereof, and convenient and flexible, this form of financing because of its clear comparative advantage is very popular in small-scale enterprises. According to statistics, in the company's debt financing, more than half from the commercial credit financing. Therefore, the relationship between the size of the company's assets and studied commercial credit occupation period, to further clarify the company's small business credit occupy a long period, of a financing nature. This shows that commercial credit financing is an important way of financing for SMEs, we should guide the rational use of small and medium enterprises in order to promote the healthy growth of their own.The role played by monetary policy in the government's macro-control more and more, can not be ignored. In China, the main conduction path of monetary policy credit channel, the new Keynesian school of economics Bernanke and Blinder in the 1980's the credit channel of monetary policy conducted in-depth inquiry, they pointed out the country's monetary policy through bank loans and Both variants together in the way of assets and liabilities of bank credit and thus impact on the real economy, while commercial credit and bank credit is also an alternative complementary relationship, which makes commercial credit and monetary policy is bound to influence each other. This paper studies the relationship between monetary policy and occupation of the business, and proved that monetary policy tightening of commercial credit occupied for a long time, commercial credit financing alternative theory provides new evidence. Further studies showed that monetary policy in times of austerity, small-scale commercial credit company takes time larger than the size of the company's business takes time longer, indicating that small companies are more dependent on trade credit financing. The article also points samples of different nature of the property and area, commercial credit and monetary policy of occupation, the relationship between the size of the company's assets, the results show that business credit occupation negatively correlated with the size of the company is always true, and monetary policy tightening, commercial credit occupies a long period, this conclusion does not hold sometimes, as in the state-owned enterprises in the sample, monetary policy tightening, commercial credit occupy short, which is China's credit-related discrimination.