银行关系、政治关联与上市公司银行贷款的可获得性——基于我国上市公司的实证分析

摘要

以2001-2011年我国2373家上市公司为研究样本,检验了政治关联和银行关系对其银行贷款可获得性的影响.研究结果显示:对于所有的上市企业而言,政治关联和银行关系均有助于增强其银行贷款的可获得性,但同时具有两种关系反而不利于企业获得银行贷款；对于国有企业而言,建立政治关联或银行关系均有利于其获得长期贷款,但对短期贷款的获得没有显著影响；对于民营企业而言,政治关联有利于其获得长期借款,银行关系能显著增强其获得短期贷款的能力.%This paper uses the loan data of 2373 listed companies during 2001-2011 to study the influences of political connection and bank relation on firm’s ability to get bank loan.The results show as follows:either political connection or bank relation helps to enhance the firm’s ability to get bank loan,but having both of two connections is not a good idea;for state-owned enterprises,both political connection and bank relation help to get more long-term loans,but don’t have big influence on short-term loans ;f or private enterprises,political connection helps to get more long-term loans,while bank relation helps to get more short-term loans.