摘要
文章将中小企业的社会网络分为关系性嵌入网络(政企网络、银企网络)和结构性嵌入网络(企业网络、产学研网络、中介网络),以截止2016年12月深交所中小企业板部分上市公司为研究对象,探讨了两类嵌入性网络对中小企业银行贷款行为的影响。实证结果表明:拥有两类网络关系的中小企业,贷款率更高、贷款成本更低、贷款期限更长。拥有关系性嵌入网络的企业,在贷款中对结构性嵌入网络的依赖变弱,不拥有关系性嵌入网络的企业对结构性嵌入网络的依赖变强(除银企网络对产学研网络的依赖作用外)。依赖关系性嵌入网络的企业,未来贷款违约率更高,依赖结构性嵌入网络的企业的违约率则更低。
The social network of SMEs is divided into relational embeddcdness network （EGR, EBR） and structural embed- dedness network （EER, EUIR, EMR） , by using the listed companies of Shenzhen SME board as the research objects by the end of December 2016 we discuss the influence of the two kinds of network relationships on the bank loan behavior of SMEs. The empirical results show that： The loan rates are higher, loan costs are lower and loan terms are longer, while the SMEs own two kinds of net- works; SMEs have weaker dependence on the structural embeddedness network relationship while they own relational embeddedness network relationship in loans. However, SMEs without relational embeddedness network relationships have stronger dependence on structural embeddedness network relationships apart from the effect of EBR of EUIR. The future loan default rates are higher when SMEs rely on relational embeddedness network in loans. On the contrary, the loan default rates are lower while SMEs rely on the structural embeddedness network relationships.
出处
《商业经济与管理》
CSSCI
北大核心
2017年第9期86-96,共11页
Journal of Business Economics
关键词
社会网络
关系性嵌入
结构性嵌入
银行贷款
social networks
relational embeddedness
structural embeddedness
bank loans
