The Financing of Science & Technology SME: A Dynamic Game Analysis

摘要：

By building the dynamic fourgame model whose main bodies include science & technology SME borrowers, banks, government and security agencies, this article analysis the main bodies’ optimal behavior under the subgame perfect equilibrium in the credit market, and discuss the conditions which need to be reached to achieve this equilibrium. It is shown that the Governments science and technology investment play a crucial role in the microfinancing mechanisms for small and medium enterprises.

关键词： science&technology SME dynamic gamea nalysis financing

作者: Yu Ke Lian Yujun Zhou Kaiguo Lu Jingui

作者单位: College of Taxation and Public Finance, GuangdongUniversity of Business SudiesGuangzhou, China Lingnan CollegeSun Yat-Sen UniversityGuangzhou, China Lingnan College, Sun Yat-Sen UniversityGuangzhou, China Guangdong Science and Technology DepartmentGuangzhou, China

会议类型: 国际会议

会议名称: 2011 International Conference on Business Management and Electronic Information(2011商业管理与电子信息国际学术会议 BMEI2011)

会议地点: 广州

会议语种:英文

页码: 1-3

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）