The Small and Micro-Enterprises Selections of Financing Channels-from the Perspective of Information Economics

摘要：

　　With the arrival of Post Financial Crisis Era, it becomes more and more difficult for small and micro-enterprises to finance.This paper mainly studies several representative financing channels of small and micro-enterprises from the perspective of Information Economics, discusses two financial channels—bank loans and private loans, through methods of game theory, and analyzes the reasons for banks loan-cherishing behavior and the prevalence of private loans.Besides, this study not only attempts to put forward some countermeasures towards problems of adverse selection and moral hazard existing in those two financing channels from perspective of enterprise, industry and government respectively, but tries to provide some helpful thoughts for small and micro-enterprises to alleviate their financing problems.

关键词： small and micro-enterprise financing adverse selection moral hazard Game Theory

作者: Xie Xiong

作者单位: School of Business, Sichuan University, Chengdu, P.R.China, 610065

会议类型: 国际会议

会议名称: 2013 International Conference on Strategic Management(2013年战略管理国际会议)

会议地点: 成都

会议语种:英文

页码: 71-75

在线出版日期: 2013-12-15（万方平台首次上网日期，不代表论文的发表时间）