余明桂;潘红波;

• 1:武汉大学经济与管理学院

摘要(Abstract)：

本文分析政治关系是否有利于民营企业获得银行贷款。我们以我国1993～2005年在沪深交易所上市的民营企业为样本,以这些企业的董事长或总经理是否是现任或前任的政府官员、人大代表或政协委员来判断企业是否具有政治关系。研究结果发现,有政治关系的企业比无政治关系的企业获得更多的银行贷款和更长的贷款期限,而且,在金融发展越落后、法治水平越低和政府侵害产权越严重的地区,政治关系的这种贷款效应越显著。这些研究结果表明,在我国金融发展较落后、法治水平较低和产权保护不强的制度条件下,政治关系可以作为一种替代性的非正式机制,缓解落后的制度对民营企业发展的阻碍作用,帮助民营企业获得银行的信贷支持,促进企业发展。

关键词(KeyWords)： 政治关系;银行贷款;民营企业;非正式制度

Abstract:

Keywords:

基金项目(Foundation): 国家自然科学基金项目"信贷歧视、商业信用与企业融资行为研究"的资助编号:70602013)

作者(Authors): 余明桂;潘红波;

DOI: 10.19744/j.cnki.11-1235/f.2008.08.002

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