关系型融资是解决中小企业融资难的有效途径

为避免信息不对称带来的道德风险和逆向选择,商业银行实行信贷配给,中小企业难以从银行获得贷款。关系型融资的出现,使银行能完全掌握中小企业的内部信息,获得长期租金收入。关系型融资能减少代理成本,降低交易费用,救助陷入财务困境的企业。关系型融资是中小企业和银行“双赢”的融资模式。关系型融资要求中小企业的治理结构创新、商业银行制度创新、中小企业信用体系创新。

The Relating Finance is an Effective Way to Solve the Financing Difficulty of Small Corporations

To avoid moral hazard and adverse selection caused by asymmetric information, commercial banks always control credit ration. On the basis of relationship finance, commercial banks can learn inner information of small corporations and win long-term rents. Relationship finance also benefits to reduce agency cost and transaction cost, helps corporations in finical difficulty. Relationship finance benefits both small corporations and commercial banks. Firstly, Small Corporation must improve its governing structure. Secondly, Commercial bank should perfect systems of itself. Finally, small corporation credit systems should be established.