比较优势下的过桥融资:商业化担保可持续发展的路径选择

Bridge Finance Based on Comparative Advantage: Route Selection in Commercial Guarantee Sustainable Development

近年来商业化担保公司在经营中由于风险高、收益低陷入困境,然而山东一家担保公司却走出了一条独特的高速持续增长之路。本文在对该公司进行细致考察的基础上,从内生比较优势理论的角度出发,证实了商业化担保公司只要能够注重在市场细分和自身发展过程中不断增强内生比较优势,改善自身的股东结构,结合中小企业的信贷断点开展过桥融资,改善市场结构,在防范风险的同时提高收益,就能够实现可持续发展。

Commercial guarantee companies have been in plight of high risks and low gains in recent years,but one guarantee company in Shandong has hewed out a unique sustainable development road.Following endogenous comparative advantage theory,this thesis examines this company comprehensively,and testifies the following fact： guarantee companies can realize sustainable development as long as companies strengthen endogenous comparative advantage during the process of market segmentation and development,improve shareholder structure,promote bridge finance to serve SMEs that are in credit breaking point,improve market structure,and increase profit against risks.