中国企业融资主体融资行为的博弈分析

中国企业融资的主体主要是国有企业和国有银行.在国有企业向国有银行融资的过程中,由于非对称信息和政府行政干预的存在导致了国有银行债务约束软化及国有企业融资成本和破产成本约束软化,出现了国有企业的高负债和国有银行巨额不良资产(融资风险生成与转嫁)的问题.因此,解决上述问题的根本途径在于降低非对称信息的程度和建立现代商业银行制度.

On the Financing Behavior of the China Enterprises Financing Body by Game Method

China enterprise financing body is country enterprise and country bank .In the process of that the country enterprises finance to the country bank , because asymmetric information and government control ,the country bank debt and the financing cost and bankrupt cost of country enterprise become the soft restrain .It cause the country enterprise high debt and country bank high bad asset (financing risk product and transfer),therefore the role way of resolving those questions is that reducing asymmetric information and establishing the modern commerce bank institution