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本文从中资银行和外资银行分别具有信息优势和融资成本优势的基本假设出发,建立了不对称信息下的银行信贷市场竞争模型,从贷款价格的角度来研究外资银行通过绿地投资和兼并收购两种方式进入对我国信贷市场的影响,且在并购方式中将并购对象按规模分为了本地大银行和小银行。结果表明,外资银行通过兼并收购本地大银行方式进入对贷款价格的降低效果不大,而通过兼并收购小银行方式进入能够全面降低本地银行的贷款价格,在处于竞争劣势地位的本地大银行的老客户市场通过绿地投资模式进入可以大幅度的降低贷款价格。
Based on the basic assumption that Chinese banks and foreign banks respectively have the advantages of information and financing cost, this paper establishes the bank credit market competition model under the asymmetric information. From the perspective of loan price, this paper studies two types of foreign banks’ investment through greenfields and mergers and acquisitions Way into the impact of China’s credit market, and mergers and acquisitions in the M & A object will be divided into large-scale local banks and small banks. The results show that foreign banks entering the big local banks through mergers and acquisitions have little effect on the reduction of loan prices. However, through mergers and acquisitions of small banks, they can reduce the loan prices of local banks in an all-round way. At the same time, Customer market through green investment mode can significantly reduce the loan price.