Research On Social Capital, Relation Risks And The Competence Of Guarantee Institution

The guarantee credit institutions (GCIs), which have been built up by many countries and regions in the world, deal with the financing gap of the medium and small business enterprises (SMEs). Unlike overseas government-sponsored credit guarantee agency in China most of them were invested by private-sector and a few of them are sponsored by government. The private-sector invested commercial guarantee companies are becoming the component of china's credit guarantee system to ensure credits to SMEs in China.Academic concern in China is the issues itself detection and explains of the credit guarantee schemes. Although our credit guarantee agencies have been increasing in number, especially private-sponsored credit guarantee agencies increasing rapidly, mutual credit guarantee companies are not able to function effectively to help SMEs achieve access to finance.The research literatures have confirmed the resources that the enterprises need can be obtained through social relation network. Social capital is enough to hold up the credit guarantee systems. Dubini & Aldrich (1991) insightfully observe that network position or network supporting can foster performance. Network success includes three mechanisms-social relation and social contact, which are important measures and increase the extent and speed of information transfer; intertwined network also giving them additional assurances on competition, information network affecting firms'behavior better and promoting their commercial credit.The dissertation introduces the meaning and the background of domestic and overseas researching on the credit guarantee first, and then sums up on main contents about the competence of the credit guarantee, social capital and relation risks at home and abroad in order to lay a foundation for our studying. Our researches measure social capital, relation risks and the competence of the credit guarantee of Chinese guarantee institution. On the basis of these, the dissertation puts up three hypothesizes. One is social capital can supervise the relation risks of guarantee institution in China. The other is social capital can promote the competence of the credit guarantee in China. The last is social capital can promote the competence of the credit guarantee through managing the relational risks of guarantee institution in China. Our studying does some initiate work and gives a new idea. Our research including:1. According to characteristics of the credit guarantee's development in our country, we analyze the essential distinctions of the operating mechanism between China and abroad. We figure that social capital will become more and more important resources in the future Chinese guarantee development. Improving the relation network will help to ability of guarantee.2.Based on the theoretical model of social capital vs management of the relation risks, we propose a theoretical hypothesis, that is, social capital can also manage the relation risks in the credit guarantee industry. And considering the relation risks as a medium variable, we guess another hypothesis, that is, abilities of Chinese guarantee institution are through controlling the relation risks. We also have constructed theoretical model and the condition of hypothesis which can validate pathes and directions of influence.3.Making reference to the research data and about social capital, relation risks and the competence of the credit guarantee, a questionnaire is designed for the credit guarantee institution to carry on investigation, measure and demonstrate theoretical hypothesis on the data. In abstracto, we can identify social capital, the relation risks and the competence in Chinese guarantee industry. Our questionnaire of guarantee industry belongs to the exploring analysis on the credit guarantee industry, that the theory and analysis means apply to investigate on the guarantee institution in China is meaningful in the theory and practice.4. Using of SPSS and AMOS software to carry on examining the theoretical hypothesis in order to dig out the sticking point of the credit guarantee institution in china and reasons of overseas Government-sponsored credit guarantee agency. It's the only efficient outlet that develops the Government-sponsored credit guarantee agency in China.