The Study of Intrinsic Mechanism that StateOwned Commercial Bank Credit Rationing Influences the Ca.pdfVIP

The Study of Intrinsic Mechanism that State-owned Commercial Bank Credit Rationing Influences the Capital Allocation Efficiency Cheng-Liwei Meng Xue School of Management School of Management Harbin Institute of Technology University Harbin Institute of Technology University Harbin, China Harbin, China Abstract—The capital allocation inefficiency has become an allocation function [7], several researchers pointed out that important factor that restricted China’s sustained economic according to the government’s political economical need it may growth, long-term macroeconomic stability and low financial uses the credit quota and different interest rate to provide the system risk. Along with the further reform and opening policy, exclusive protection to the special department in order to the commercial bank credit rationing phenomenon is more enhance the macroscopic capital allocation efficiency [8]. obvious, it is easily viewed that, on the one hand there is Finally, the system environment of the credit domain can affect overinvestment even malignancy capital increase in the state- and even decide the system arrangement, through the empirical owned major industry, on the other hand it is extremely difficult analysis, a few writers have found that state-owned banks will for the small and medium enterprise to get loan. This p