中小企业融资相关问题研究综述

Review on SMEs Financing Studies

系统整理了近年国内外关于中小企业融资难问题的文献,将融资难的原因和解决办法分类阐述。造成融资难的原因主要有信息不对称、中小企业可抵押资产少以及银行风险收益不对称。解决方法包括发展中小金融机构开展关系型贷款、成立担保机构提供担保与再担保、科学评估中小企业信贷风险、开展风险投资等。结合国外经验,笔者认为要做好相关研究,还需要开展范围较大、由政府牵头的中小企业金融调查,并帮助金融机构开发科学评估中小企业贷款风险的工具,高效、低成本的评估其风险。

This paper clears up domestic and foreign studies about SMEs financing in recent years. The causes to financing difficulties includes： asymmetric information,lacking collateral and limited earnings to banks. The solutions could be classified into three categories： developing small-and-middle-sized financial intermecliation to provide relationship lending, establishing guaranty organizations to provide guarantee services, objectively evaluating SMES lending risk and venture capital investment. The author thinks further studies should focus on two fields： 1. To implement large-scale government-led SMEs finance survey;2. To help financial intermediation to develop tools to efficiently, objectively evaluate the risk of SMEs lending.