信息不对称加剧与市场分割——对中小企业融资困境的一种理论解释

Unsymetrical Information and Market Division——Theory Explanation for Financing Difficulty of Medium-and-Small Business

中小企业融资困境阻碍了中小企业的进一步健康发展。银企之间长期信用关系难以建立是困境的表现,问题的背后是银企信息不对称加剧的存在。文章在综述已有研究成果基础上提出问题;认为市场分割的存在加剧了银企、银银信息的不对称,阻滞了全国市场的信用行为;同时,建立理论模型,说明信息不对称加剧是融资困境存在的一个直接因素。最后得出结论,并提出需进一步研究的问题。

Financing difficuty for medium-and-small enterprises obstructs their better development. It is the expression for the financing difficulty of medium-and-small enterprises that there is not long-term credit relationsrrip betureen bovnks and medium-and-small enterprises. Essentially,it is the unsymetrical information betureen banks and enterprises. The paper raises some questions concerned to study.