Problems and Solutions of Financing in Technological SMEs with the Viewpoint of Asymmetric Information

摘要：

Chinese technological smal1-and-medium-sized enterprises (SMEs) are becoming increasingly important in regulating Chinas economic structure, pushing forward the reform and opening up process, and developing high-tech industries etc. However, due to the information asymmetry between the banks and the enterprises, banks in the credit market face adverse selection issues and moral hazards. This paper uses a mathematical model to deduce the reasons which lead to the implementation of credit rationing policies for SMEs. In the end, this paper gives some solutions for financing problems caused by this type of information asymmetry.

关键词： technological SMEs financing adverse selection moral hazards credit rationing

作者: TANG Liu LI Zhiming SUN Hui

作者单位: Sichuan University, Chengdu, P.R.China, 610064 School of Business Administration, Sichuan University, Chengdu, P.R.China, 610064 Correspondence author., Sichuan University, Chengdu ,P.R.China, 610064

会议类型: 国际会议

会议名称: The 3rd International Institute of Statistics & Management Engineering Symposium(2010 国际统计与管理工程研讨会 IISMES)

会议地点: 威海

会议语种:英文

页码: 165-170

在线出版日期: 2010-07-24（万方平台首次上网日期，不代表论文的发表时间）