Study of the Differences Between Government and Bank in Bank Loans: Evidence from Chinese Listed SMEs

DOI

10.2991/jahp-18.2018.100How to use a DOI?

Keywords

firm-government relationship (FGR); firm-bank relationship (FBR); bank loans

Abstract

389 listed companies from Shenzhen SMEs board in China are taken as samples, and questionnaires and interviews methods are employed in this paper. First, the OLS models are established to analyses the impacts of firm-government relationship (FGR) and firm-bank relationship (FBR) on bank loan rates, loan costs, loan terms and loan default rates of SMEs. Then a Logit model is established to explore the substitution effect of loan structure of SMEs between FGR and FBR. The research results show that both FGR and FBR can effectively optimize the loan structures of SMEs under the atmosphere of Chinese social network relationship, but the role of government is obviously stronger than bank, and the FGR has the substitution effect on FBR.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuliang Zhou
AU  - Haizhu Zhao
AU  - Xinyan Xie
PY  - 2018/08
DA  - 2018/08
TI  - Study of the Differences Between Government and Bank in Bank Loans: Evidence from Chinese Listed SMEs
BT  - Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
PB  - Atlantis Press
SP  - 491
EP  - 494
SN  - 2352-5398
UR  - https://doi.org/10.2991/jahp-18.2018.100
DO  - 10.2991/jahp-18.2018.100
ID  - Zhou2018/08
ER  -