中小企业融资信用链的经济学分析

有关中小企业融资困难的研究大多从发展中小金融机构或者完善担保体系出发,而忽略了企业自身信用等级低下的客观事实."融资信用链"的提出是基于企业在生产过程中分工演进的事实,验证生产中的协作有利于小企业边际信誉度的提高,并通过大小企业之间的博弈而得到稳定和巩固,其实施有利于融资过程中交易成本的节约,因而不失为解决融资难题的有效方法.

Economic Analysis on Financing Credit Chain of Medium and Small Enterprises

The study on the SME's financing difficulties is mostly from the perspective of developing the small and medium financial organization or making the assurance system more perfect,which neglects the fact that SMES have lower rank of credit than others."Financing credit chain",based on the development of division in the production course,proves that the cooperation during the production stimulates the improvement of marginal credit of SMEs."Financing credit chain" can become more stable through the gambling between the big enterprises and small enterprises,which can facilitate the saving of transaction costs during the financing course.So it will be an effective way to solve the financing difficulties for SMEs.