非对称信息、信贷配给与中小企业间接融资缺口的经济学分析

An economic analysis on asymmetric information,credit rationing and the indirect financing Gap of SMEs

中小企业在我国经济建设中起着不可低估的作用,为我国的经济发展做出了巨大的贡献。然而,由于中小企业和银行之间存在着信息的非对称性,从而导致银行在信贷市场上面临着严重的道德风险和逆向选择。银行由此对中小企业实施信贷配给,致使中小企业融资难,通过建立中小企业间接融资缺口模型来证实这一问题,并由此做出相应的经济学分析。

The small-and-medium-sized enterprises （SMEs） play important roles in our economic construction, and have great contributions to the Chinese economy development. However, the information asymmetry lying in between SMEs and banks results that banks confront serious moral hazard and adverse selection in the credit market. The banks implement credit rationing to the SMEs, which results in difficulties of SMEs. The article manage to prove the problem through constructing the model of the indirect financing gap of SMEs and give corresponding economic analysis.