Commercial Bank Credit Strategy of Small and Medium-sized Enterprises
|Keywords||Commercial Bank Small and Middle-sized Enterprise Information Asymmetry|
In recent years, the country has strengthened the development of small and middle-sized enterprises support and actively guided and coordinated commercial banks to increase the support of small and medium enterprise, but China’s small and medium-sized enterprises have the characteristic of small financing、short term limit、frequency loan, and at the same time, commercial Banks generally prefer to "Wholesale loans", these reasons generate the contradiction between the bank "credit crunch" and the shortage of funds of small and middle-sized enterprises. The difficult problem of small-sized enterprises loans still becomes the bottleneck of restricting their development. Because the small and medium-sized enterprises play an important role in accelerating economic adjustment, relieving employment pressure, promoting technology innovation and the urbanization, solving the difficult problem of small and medium-sized enterprise loans is imperative and has very important theoretical and practical significance to broaden the financing channels, actively support small and medium-sized enterprise development and perfection of commercial bank credit structure.Based on the study used in the process of normative analysis, empirical analysis and game theory model analysis method, this article comprehensively analyze the financial symbiosis theory and credit rationing theory. Then based on the theoretical theory we further research present situation, exiting problems of small and medium-sized enterprise and the reasons of leading to those difficult problems, and we point out that difficult credit loans constrain the rapid development of small and medium-sized enterprise. Then this paper makes a game analysis between commercial Banks and small and medium-sized enterprise. Through the analysis we know the difficult credit loans have the relation with information asymmetry in the credit market, that is to say, small and medium-sized enterprise fully understand the bank deposit interest rate, interbank lending interest rates and other information of commercial Banks. However the commercial Banks don’t fully understand the medium and small-sized enterprises about their future earning ability such as business management level and ability. It is the serious information asymmetry makes commercial Banks be reluctant to provide support to the small and medium enterprise. And the financing difficulty is related with enterprise scale, collateral value and performance probability. The analysis results show that the bank expected return have positive proportional relations with the scale and collateral value of small and middle enterprise and information asymmetry in inverse proportion. The small and medium-sized enterprise performance probability is influenced by the collateral value, scale and additional loss which is brought by default. At last, According to the difficult credit question between small and medium-sized enterprise and commercial Bank, we put forward the corresponding countermeasure and the suggestion. In order to ensure the safety of fund, commercial Banks should consider competitive and cluster enterprises and have good market positioning and innovative credit strategy. From the point of small businesses themselves, they should increase their competitiveness, improve their own quality and establish good relation with the commercial Banks. From the view of the government, we should perfect the social credit system, speed up to form guarantee agencies and establish a uniform and effective information system.