Financing Restraints and Countermeasures of Small and Medium-sized Enterprises Based on Asymmetric Information Theory

摘要：

The swift development of Chinas small and mediumsized enterprises（SME) has become the important power to impel the sustained and stable development of national economy, however, the problem of difficult financing has restricted the sustained development of SME seriously. From the angle of asymmetric information theory, this paper analyzes some financing restraints such as credit institution imperfection, defect of bank system and competition structure, as well as underdeveloped capital market and defect of SME credit institution. In order to solve financing predicament problem, this paper puts forward that the SME credit system should be established, mechanism of bank should be reformed, the government function should be played fully and the system construction of SME should also be strengthened.

关键词： Small and Medium-sized Enterprise(SME) Financing Asymmetrical Information Adverse Selection Moral Hazard Credit System

作者: ZHANG Jingmin WANG Huijun

作者单位: School of Management, Jilin University, P.R.China School of Tourism Management, Liaoning Normal Univ School of Management, Jilin University, P.R.China

会议类型: 国际会议

会议名称: The Tenth West Lake International Conference on Small & Medium Business(第十届西湖国际中小企业研讨会)

会议地点: 杭州

会议语种:英文

页码: 327-331

在线出版日期: 2008-10-25（万方平台首次上网日期，不代表论文的发表时间）