首页 | 本学科首页   官方微博 | 高级检索  
     

利率市场化能解决小微企业融资难问题吗*——基于行为金融学视角的分析
引用本文:黄勃,刘俊岐. 利率市场化能解决小微企业融资难问题吗*——基于行为金融学视角的分析[J]. 经济理论与经济管理, 2017, 36(1): 55
作者姓名:黄勃  刘俊岐
作者单位:1.中国人民大学财政金融学院; 2 英国杜伦大学商学院。
基金项目:本文得到马克思主义理论研究和建设工程重大项目(2015MZD033)、中国人民大学科学研究基金(中央高校基本科研业务费专项资金资助)项目(16XNF001)的资助。
摘    要:本文研究了银行信贷集中问题的成因,讨论了利率市场化背景下小微企业融资问题难的解决思路。本文首先以行为前景理论和心理账户理论为基础,考察授信者行为因素对银行授信决策的影响,以探讨小微企业融资困境形成和银行信贷集中问题产生的机制。然后本文讨论了分析信贷集中和小微企业融资问题所依赖的假设和变量,从收益和风险两个方面对商业银行信贷决策做出了研究。研究发现利率市场化改革可以有效缓解小微企业融资难和信贷资金集中于大中型企业的问题。

关 键 词:利率市场化   信贷集中   小微企业融资   前景理论   心理账户  

WILL INTEREST RATE LIBERALIZATION BE THE SOLUTION TO FINANCING PROBLEM OF SMES
HUANG Bo,LIU Jun-qi. WILL INTEREST RATE LIBERALIZATION BE THE SOLUTION TO FINANCING PROBLEM OF SMES[J]. Economic Theory and Business Management, 2017, 36(1): 55
Authors:HUANG Bo  LIU Jun-qi
Affiliation:1School of Finance, Renmin University of China; 2 Department of Economics and Finance, Durham Business School, University of Durham
Abstract:Based on prospect theory and the theory of mental accounting, this paper tries to figure out what effects behavioral factors of banks would have on their credit decision about whether they would provide loan to an enterprise in certain size, through modeling the prospect of each credit decision of banks We find that, when banks are making credit decisions, behavioral factors will make banks prefer enterprises in bigger size to small and micro enterprises Then we analyze how credit concentration happens and the cause of small and micro enterprises financing problem from the point of view of behavioral finance theory Furthermore, we measure the influence of some certain factors, which are usually used to measure the credit risk of a certain loan, on the credit decisions of banks, and find that interest rate liberalization will help solve small and micro enterprises financing problem In addition, we provide some suggestions to small and micro enterprises, banks and the government to help relieve small and micro enterprises financing problem.
Keywords:interest rate liberalization   credit concentration problem   small and micro enterprises financing   prospect theory   mental accounting  
点击此处可从《经济理论与经济管理》浏览原始摘要信息
点击此处可从《经济理论与经济管理》下载全文
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号