Study On Credit Behavior Of Commercial Bank

Enterprises take on the role of the main force of developing economy during the reformation. Commercial banks do not obey government's orders and become self-governed financial institution. During the reformation, commercial bank's behavior has been noticed by all kinds of corporation and institution. Banks prefer to provide loan with security and loan to state-run enterprises. Banks have the discrimination to many enterprises which are not state-run enterprises. Many banks loan to the same location and industry and enterprise. In China's credit market, the credit behaviors of commercial banks are different from that of developed countries. Small and medium-sized enterprises have difficulties in acquiring the loan and large enterprises are easy to acquire the loan. To solve these problems has theoretical and practical significance to accelerate the economic development and to improve the efficiency of credit market and to optimize the credit behavior and to advance the transformation efficiency from saving to investing and to realize the strategic aim. To be based on mature market economy system and commercial bank, the dissertation explains the China's commercial bank's credit behavior from microeconomics and commercial bank, with the background of China's economic reform.The definition of credit behavior is that banks carry credit trade with enterprise for economic and political aim according to information on credit and enterprise.Study on commercial bank's credit behavior touches on trade and transaction cost and credit contract and financial institution and information and uncertainty etc. Chapter 2 will spread out these theories. Credit transaction is different from common market transaction. Credit transaction is a transaction that involves different time and uncertainty. So, credit transaction has high risk. Uncertainty influences the choice between the commercial bank and the enterprise. But commercial bank shoulders the higher risk than enterprises. Credit transaction must spend some cost. There are compact relationship between uncertainty and information.Chapter 3 will establish basic frame of commercial bank's credit behavior. The frame starts with uncertainty and information. The frame involves two dimensions which are limited rational and restriction. Because of limited rational, the aim of commercial bank is to reduce the transaction cost. Commercial bank must obtain information and reduce the uncertainty.Institution is a important soft information.Undercertainty and information are key factors of the frame of credit behavior.Credit transaction is risky transacton.Commercial bank is the undertaker.Chapter 4 gathers many credit data and post the credit behavior through these data. They involve preference for loan with security, credit discrimination and credit herd effect.Chapter 5 explains preference for loan with security. The chapter thinks loan with security can reduce transaction cost and uncertainty.During the credit transaction, commercial banks get good enterprises relying on collateral and transfer screening cost and monitoring cost and auditing cost.But collateral and screening /monitoring functions are not substitution.Because screening /monitoring functions are bank's important function which is a reason why banks can exist.Chapter 6 explains credit discrimination. The chapter thinks institution is a soft information, which can reduce the uncertainty of credit transaction.Banks prefer to loan to state-run enterprises. State-run enterprises are easy to get long-run loan.The foundation of credit is present economic institution.The institution make the result of the enterprises's investment uncertain, including exogenous and endogenetric. Credit discrimination is rational choice of commercial bank.Chapter 7 explains credit herd effect. Credit herd is a rational choice of commercial bank during the present condition.The behavior can save credit transaction cost, especially screening and monitoring cost. Credit herd effect will bring high risk to the credit market.Government should lead the direction of credit fund.Chapter 8 summarizes the dissertation.The Chapter also put forward some advice on optimization of credit behavior.In the dissertation, there are three innovations that are angle of view, content and conclusion.The angle of view of the dissertation is novel.The theories of economics can explain the behavior of consumer and the behavior of producer, which are consumer theory and producer theory separately.But at present, there is not a theory that can explain the credit behavior of commercial banks.The dissertation specializes theory of credit behavior of commercial banks.The dissertiation will aim at establish the frame of the study on credit behavior.The content of dissertation is novel.The dissertation studies the credit transaction between commercial banks and enterprises and some credit behaviors of commercial banks.The dissertation explains three behaviors china's commercial banks.The conclusions of the dissertation are novel.Through study, the dissertation makes some important conclusions.Credit behavior is rational for commercial banks. Credit mechanism can reduce transaction cost and uncertainty of commercial banks.