中小企业融资难的银企博弈分析+文献综述
时间:2018-04-19 21:37 来源:毕业论文 作者:毕业论文 点击:次
| 摘要现阶段我国的中小企业在获取信贷融资是主要受到的困扰是：企业本身特质决定其注重规避风险和利益传承；企业发展大都存在家族性与股权融资之间的矛盾；银行与中小企业之间缺乏彼此信任；银行因惧怕融资风险，产生“惜贷”现象而导致中小企业通过银行进行间接融资的门槛太高等。这些因素严重制约着中小企业的融资进而限制了发展。通过引入中小企业预期贷款成本和银行信贷规模因素，本文构建了不完全信息条件下中小企业与银行的博弈模型。博弈结果表明：信息不对称是中小企业向银行获取融资困难的主要原因；其中，中小企业的预期贷款成本大于从其他途径获得贷款成本是其做出不向银行贷款决定的原因；而信贷规模减小会使中小企业从银行获得信贷的可能性降低，此外利率负担增大也会降低中小企业的还款意愿。21453 关键词 中小企业 融资困难 信息不完全 博弈分析 毕业论文外文摘要 Title A Game Analysis of Bank-enterprise Relations through Financing Difficulty of SME Abstract For now, the financing problems that SME in our country are facing are as followings: The nature of enterprise decides that it should always avoid risk and guarantee profit. There would also be an inconsistency between family’s benefit and control over the business and equity financing. Littler trust between bank and SME. To avoid financial risk the banks tend to not lend to SME in which case those enterprises are facing a higher entry barrier of financing through the bank. These factors forbid SME from an easier financing and thus forbid its development.Through importing factors like predicted lending cost and the dimension of bank’sloan this article builds a gaming model between banks and enterprises under the incomplete information condition. The result shows that: the dissymmetry of information hold by banks and enterprises is the biggest reason why enterprises are having difficulty in borrowing money from the bank. Therefore, higher cost of borrowing money from the bank than from other resources is the biggest factor that forbids SME from borrowing money from the bank. Since the shrinking of the bank’s loan, enterprises would get a lower possibility of borrowing from the bank. In addition, the burden of a higher interest rate also frustrates enterprises in paying back banks. Keywords SME Financing difficulty Incomplete information Gaming analysis 目 次 1 绪论 1 1.1 研究背景与选题意义 1 1.2 国内外研究现状 1 1.3 研究方法及内容安排 4 2 基本概念及相关理论回顾 5 2.1 中小企业及其地位 5 2.2 我国中小企业融资难现状 7 2.3 博弈论的分析框架 8 3 信息不对称条件下银企博弈分析 10 3.1 基本假设 10 3.2 模型构建 10 3.3 对均衡解的进一步讨论 11 4 个案的经验检验 13 4.1 案例背景 13 4.2 经验检验 13 5 主要结论与创新点 15 5.1 主要结论 15 5.2 创新点 15 致 谢 17 参考文献 18 1 绪论 1.1 研究背景与选题意义 1.1.1 研究背景 现阶段我国中小企业的形式以劳动密集型企业为主，符合我国的资源结构配置比重。中小企业以其从业人口众多、经营方式灵活、产业规模精干的特性，及时满足消费者的多层次需要、解决我国大量就业问题的同时，在推动产品技术革新和活跃城乡经济等诸多方面有着积极作用。这些优势使得中小企业在改革开放后得到了充分发展，并逐渐成为我国经济发展的重要推动力。 (责任编辑：qin) |