中小企业信贷配给综合模型分析

为了考察中小企业比大企业更经常受到银行信贷配给约束的原因,在综合考虑银行利率、银行贷款审查成本、抵押品价值、企业风险、企业产权特征、企业规模、企业与银行之间的信息不对称程度、企业履约概率等多个因素的基础上,建立了中小企业信贷市场信贷配给综合模型。研究结果表明:中小企业规模小、私有产权比重大、难以提供有效的抵押品,以及中小企业与银行之间存在的信息不对称现象,是导致我国中小企业信贷市场融资困境的主要原因。此外,当综合考虑多个影响因素时,中小企业信贷市场的特征将会呈现更加复杂的结果。

Comprehensive Credit Rationing Model of SMEs Credit Market

Based on the factors such as the interest rate,the auditing cost of banks,the mortgage,the risk,the property,the scale of small and medium-sized enterprises,the repayment probability,a comprehensive credit rationing model is established to study the cause of credit rationing in small and medium-sized enterprises(SMEs) credit market.The result shows that the small scale,the private property,less mortgage and the asymmetric information which leads to the SMEs financing difficulty.Furthermore,the more factors were taken into account,the more complicated characteristics of the small and medium-sized enterprises financing would emerge.