信息不对称视角下的中小企业融资困境分析

近年来在央行货币政策趋紧的背景下,中小企业融资难的呼声越来越高,在中小企业密集的长三角、珠三角地区出现了倒闭潮,其生存状况甚至比金融危机的时候还要艰难。针对该情况,本文从信息不对称的视角,分析了商业银行与中小企业、商业银行信贷人员与商业银行、中介机构与商业银行、中小企业与民间资本这四重信息不对称关系,借助海英纳模型,得出解决信息不对称是缓解中小企业融资困境的重要环节,并提出相应的建议。

Analysis on Financing Dilemma of SMEs Based on Asymmetric Information Perspective

In recent years, with the tightened monetary policy of the central bank, small and medium enterprises (SMEs) are difficult to get financing. There is intensive collapse trend in the region ofYangtze River DeltaandPearl River Delta,with large amount of SMEs.Their living conditions are more difficult than those during the period of financial crisis. This paper analyzes the four types of information asymmetry relationships between commercial banks and SMEs, loan officers and commercial banks, financial service...