信息生产、比较优势与中小企业融资

银行业结构对不同企业信息结构的适应性,内生地决定了中国以国有大银行为主的金融体制安排在解决中小企业融资方面不具有比较优势.大、小银行自发地根据各自的比较优势形成其在信贷市场上的专业化分工,小银行在处理中小企业信息方面有大银行所不具备的比较优势.在缓解中小企业融资难问题中,应按照比较优势的内在要求,大力发展适应于关系型借贷交易方式的中小金融机构;应充分发挥中介组织在降低中小企业意会信息的模糊性、传递性等方面的积极作用;应构建中小企业信息共享和信息交易平台.

Information Production,Comparative Advantages and SMEs Financing

The adaptive ability of different sized banks to the information structure endogenously determines the financial institutional arrangement primarily composed of state-owned banks that don't have any comparative advantages in the aspect of dealing with the problem of small and medium sized enterprises(SMEs) financing.The information of SMEs with the characteristic of tacit knowledge endogenously forms the comparative advantages of small and medium sized financial institutions in the aspect of SMEs financing.In order to ease up the problem of SMEs financing,we should fully develop many small and medium sized financial institutions that adapt to the transaction styles of relationship lending according to the inherent requirements of comparative advantages.We also should fully bring intermediate organizations into playing the important role in reducing the illegibility and increasing transmission of tacit information of SMEs.The government should bend themselves to construct such platforms to share and trade information.