基于信贷配给模型的高科技中小企业融资能力提升机制研究

Financing Ability Promoting Mechanism for High-tech SMEs Based on Credit Rationing Model

在综合考虑了影响高科技中小企业融资能力的因素,以及分别依据单个和多个借款企业情况的基础上,建立了信贷融资模型。据此分析了自有资产不足(包括现金、实物资产等担保品)、银行与企业的信息不对称等造成高科技中小企业融资难的深层机理。最后,根据研究结论,提出了解决高科技中小企业融资难可以采取的一些具体措施,并从数理方面证明了这些措施的合理性。

This paper takes into account the comprehensive factors that affect corporate financing, and a credit model is established based on the cases of single and multiple borrowers respectively. The model shows that the sources of financing difficulty of High-tech small-and-medium sized enterprises （High-tech SMEs） are lack of owned assets （including cash, physical assets and other collateral） and asymmetric information between banks and enterprises. Furthermore, based on the model, this paper suggests some measures that should be taken to solve the financing problem, and proves the rationality of the countermeasures through mathematics.