对中小银行与中小企业融资关系的再思考

国内外中小企业借贷活动中普遍存在着“小银行优势”，关系型融资理论可以很好地解释民营中小企业贷款中“小银行优势”存在的原因。由于民营中小企业和银行的融资关系属于关系型融资，而国有大银行在从事关系型融资时存在诸多劣势，民营中小银行对于民营中小企业借贷的意义是非常重大。虽然国有商业银行被金融管理当局寄以厚望，却难以对民营中小企业融资做出实质性贡献，对民营中小企业发放关系型贷款的主力军只可能是民营中小银行。

Reflections on Financing Relationship between Middle or Small-sized Banks and Enterprises

In loaning business in domestic and foreign middle and small-sized enterprises, there exist ＂small bank advantages＂, which can be best interpreted by using the theory of relation-bound type financing. The financing relationship between middle and small-sized enterprises and small banks is of this type, whereas large state-owned banks do not have such advantages in undertaking such kind of financing; therefore, it is of great importance. This paper argues that China＇s state-owned commercial banks can hardly make contribution to privately-run middle and small-sized enterprises＇ financing as they have been expected to, and the leading role of granting relation-type credits to these enterprises can be only played by privately-run middle and small-sized banks.