资源描述：
《贷款利率放开对中小企业融资规模的影响——基于中小板上市公司经验数据.pdf》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、ABSTRACTThesmallandmedium-sizedenterprisesfinancingdifficultyisalwaysaprobleminChina,thisisnotonlyaspecialphenomenoninChinabutaworldwideproblem,theinterestrateisnotfullymarketizationisoneoftheimportantcausesofthefinancingdifficultiesofSMEsinchina.Basedontheinternationalexperienceofmarketizationof
2、interestrate,byusingthedateoftheSMEboardlistedcompanies,analyzedfromtheaspectofprincipleofthefinancialaccelerator,discussedwiththereleasingofdepositandloaninterestrates,theopportunitiesandchallengessmallandmediumsizedenterprisesencounterinfinancing.Thefinancialsystemisanimportantforceinthenormalo
3、perationofthesupporttotheeconomicsystem,withthedevelopmentofthefinancialsystem,thedevelopmentofeconomicsdependsmoreandmoreonthefinancialsystem.China'sfinancialsystemincludesbanks,securities,funds,allthesearebuiltonthe"credit",sothecollapseofthefinancialsystemmeansthecollapseoftrust,andiftrustislo
4、st,theenterpriseswouldbehardtolineupfinancing,therealeconomyRemainstagnant,sotherapiddevelopmentofmoderneconomydependsdirectlyonthefinancialsystemTherefore,since1996Chinaimplementedmarket-orientedinterestratereform,toimprovethefunctionofthefinancialmarket,letthefinancialmarketplaysaroleofpromotin
5、gfinancialsystemineconomy.Inthispaper,inthefoundationofanalysisoftheexistingliterature,referencetheimpactofforeigninterestratemarketizationreformtothesmallandmedium-sizedenterprises,analysisalongwiththemarket-orientedinterestratereform,nationalcreditspreadswillshowanarrowingtrend,thedirectfinanci
6、ngmarketwillbemoredeveloped,whichwillmakethecompetitionbetweencommercialbanks,changetraditionalmodelsoftheirprofitability,acceleratetheinnovationoffinancialproducts.Commercialbanksinordertolookfornewprofitgrowthpoint,willincreasethescalesofloanstoSMEs,becausetherearemorefinancingopportunitiesinsm
7、allandmedium-sizedenterprises.Basedonthereferenceofforeigninterestratemarketizationexperience,fromthetheoreticalanalysiswiththeliberalizationofdepositandloaninterestrates,creditspreadsnarrow,directfinancingmarketexpand
