Bank -firm Relationship,Institutional Environment and MSME Credit Availability
利用中国23个大中城市的企业调查数据，研究了银企关系特征如何影响中小微企业信贷可得性，发现合作银行越多越易获贷，且良好制度环境下长期关系更有利。
Using the enterprise survey data from 23 large and medium - sized cities in China,this paper empirically investigates how the banking relationship characteristics affect MSME credit availability under the background of institutional environment differences.We find the firms that work with more banks have enhanced access to loans.Our results also show that in the areas with better economic development environment and legal arrangement,the longer bank - firm relationship increases the likelihood that MSME's access to financing. These findings suggest that only in a good institutional environment in China the relationship lending technology which adapts to the micro,small and medium - sized enterprises(MSME) and commercial bank can play a positive role.