A Study On The Impact Of The Development Of Small And Medium-sized Banks On The Efficiency Of The Allocation Of Credit Resources

The financial work in the new era requires the bank to focus on basic function and serve the real economy,so the efficiency of the allocation of credit resources is the core issue.The efficiency of the allocation of credit resources is to determine whether the enterprise can obtain the bank loans fairly and develop the production.The rapid development of small and medium-sized banks has changed the market structure of the banking industry,which shows that the market share is enlarged,the concentration of the banking industry is reduced,and the barriers to entry are reduced.The unbalanced development of banking market makes banks compete for credit resources,indirectly support the growth of SMEs and affect the efficiency of credit resource allocation.Based on the theory of industrial organization,credit rationing theory,transaction cost theory and financial intermediation theory,this paper analyzes the development characteristics of China's small and medium-sized banks and the current situation of credit resource allocation based on the theory of industrial organization,credit rationing theory,transaction cost theory and financial intermediary theory.Discuss the small and medium banks market share,the concentration of the banking industry,the banking industry entry barriers how to affect the efficiency of credit resources allocation,selected sample data for the year 1998-2017,using multiple linear regression analysis,and reveals the influence of small and medium banks market share and market concentration on the credit resource allocation efficiency.The main research conclusions are:(1)There is a positive relationship between the expansion of China's small and medium-sized banks' market share and the allocation efficiency of credit resources.The expansion of the market share of small and medium-sized banks allows more SMEs to have access to loans and improve the availability of loans for SMEs.(2)Banking concentration has a significant negative effect on the efficiency of credit resource allocation.When the banking industry is highly concentrated,commercial banks are often located in economically developed areas,and the number of banks is small,and large companies are often chosen for the choice of lenders.Based on the research conclusions,this paper proposes the following policy recommendations:(1)To clarify the orientation of regional financial centers,reasonably consider regional geographic advantages and financial environment advantages,and focus on establishing regional financial centers.(2)Take the dislocation competition,Improve the efficiency of the allocation of credit resources.(3)Policy proposals for the development of financial technology,the construction of direct selling banks,and the development of financial products with independent property rights.