信息不对称条件下我国民营中小企业融资问题的博弈研究

Game Research on the Financing Problem in Small and Medium-Sized Private Enterprises in China under the Condition of Information Asymmetry

民营中小企业对促进我国经济增长、提高就业水平、实现社会稳定和公平做出了巨大的贡献,但近年来"融资难"和"融资贵"问题严重制约了其发展。民营中小企业融资难的重要原因之一就是民营中小企业和商业银行等金融机构之间存在严重的信息不对称。这种不对称较容易产生道德风险和逆向选择问题,导致双方信任破裂。银行为避免产生不良贷款的风险,通常选择不贷款给民营中小企业。要想实现银企之间的良性互动,建立长期稳定的银企关系,需要企业自身、政府和银行等方面的共同关注和支持。民营中小企业更是需要提高自身的信用度,竭尽全力获得银行的融资支持。

Small and medium-sized private enterprises have made great contributions to the increase of Chinese economy,raise of employment level,and the realization of social stability and justice,yet their development are severely restricted in recent years by the problem of ＂financing difficulties＂and ＂expensive financing＂. One of the important reasons for＂financing difficulties＂in small and medium-sized private enterprises lies in the severe information asymmetry between the private enterprises and commercial banks. This asymmetry can easily lead to moral risks and adverse selecting,and the confidence between the two parts may break up. In order to avoid the risk of non-performing loan,the banks often refuse to provide a loan to small and medium-sized private enterprises. If we want to realize the positive interaction between banks and enterprises,and set up their long-term stable relationship,it is necessary to have the common attention and support from the enterprises,government,and banks.Small and medium-sized private enterprises should strengthen their own credit so as to try their best to get financial support from banks.