信息不对称下小微企业融资方式选择博弈分析

Game Analysis of Small Micro Enterprise Financing Way Choice under the Information Asymmetry

众所周知,信息不对称是造成小微企业融资困难的重要原因,那么在信息不对称下选择正确的融资方式就成为解决小微企业融资难题的重要突破口。因此,本文通过博弈分析,构建银行与小微企业和民间投资者与小微企业的博弈模型以研究小微企业应该选择的融资方式。结果表明:在信息不对称下且无法提供担保的情况下,小微企业应该选择民间借贷进行融资。

It is well known that information asymmetry is the important cause of financing difficulty of small micro enterprises,then whether the right financing way can be choused becomes important breakthrough for small micro enterprise financing problems.Therefore, this article build the game model about Banks and small micro enterprise as well as game model about private investors and small micro enterprises to study the financing way of small micro enterprises. The results shows that small micro enterprises should choose private lending for financing under the information asymmetry and the situation that enterprises without guarantee.