主讲人

（单位）

Tianshu Zhao

（University of Leicester）

主持人

（单位）

尹威（国产探花 ）

讲座时间

11月3日19:00

讲座地点

经管楼B203

主讲人简介

Dr Tianshu Zhao is a Professor of Finance at the School of Business, University of Leicester. Holding a PhD in Economics and a Certified Public Accountant (CPA) qualification, her academic background spans economics, finance, and accounting. Her research focuses on financial intermediation, the microeconomics of banking, corporate finance, and ESG, with a strong record of high-impact publications in leading journals such as Journal of Banking and Finance, Review of Economics and Statistics, Regional Studies, Journal of Economic Geography, and Journal of Financial Intermediation.

Dr Zhao has secured and contributed to major research grants funded by DFID-ESRC and ESRC-NSFC, collaborating with central banks, development agencies, and academic institutions worldwide. She has worked closely with policymakers—including a secondment to the Welsh Government—on SME finance and regional banking reform, and has collaborated with organisations such as the OECD, ECA, and NIESR on projects related to sustainable finance and access to credit.

An active member of several professional and academic bodies, Dr Zhao serves on the committee of the Money Macro and Finance Society and the British Standards Institution (BSI) Sustainable Finance Committee, and regularly participates in international conferences and editorial work. She has been a visiting scholar at institutions including the Central Bank of Uganda and the University of Leuven, and frequently collaborates across academic, policy, and practitioner communities.

讲座内容摘要

It is well recognized that relationship banking helps to relieve the credit constraints faced by SMEs to access bank finance. Trust is an important part of relationship banking. However, the term trust is nebulous, and relationship banking means different things to different banks and different borrowers. How trust enables the credit market for SMEs through relationship banking is largely unexplored. Using a unique primary dataset of SMEs in the UK, we construct a measure of trust-based relationship banking from the perspective of the borrower that places mutual trust center stage. We show that trust-based relationship banking is enhanced by the organizational trust in the Relationship Manager, defined by the delegation of operational autonomy. Along with bank, firm, and market factors, trust-based relationship banking helped to reduce the credit constraints faced by SMEs in the decade following the global financial crisis.