非正规金融规范化下中小企业融资规制研究

发布时间：2018-03-15 21:19

本文选题：非正规金融　切入点：正规金融　出处：《华东理工大学》2013年硕士论文　论文类型：学位论文

【摘要】：2011年温州、鄂尔多斯等地爆发的民间借贷债务危机再一次将中小企业融资问题推到风口浪尖。论文介绍了我国中小企业融资与正规金融、非正规金融的现状,分析了目前政府在中小企业融资规制中所存在的缺陷。目前基本一致的观点是,中小企业、银行与政府规制之间尚未形成良性互动机制,且尚未形成完善的法律体系和行政体系；而政府对非正规金融的规制也缺乏行之有效的体系,但正逐步促使非正规金融的正规化。另一方面,非正规金融市场已经成为我国金融体系中不可忽视的一个重要组成部分,特别是非正规金融对中小企业融资产生的巨大影响。本文的观点是希望政府能够创造多层次企业社会网络环境,引导企业积累“社会声誉资产”,创新并完善中小企业信用体系,从而增强中小企业软实力,改善中小企业制度环境；并希望政府引导非正规金融流向中小企业等实体经济,引导实现非正规金融与地方中小金融机构共生成长,从而使非正规金融向规范化发展；并希望各个监管部门之间能够加强合作,提高政府规制有效性。本文在此次金融试点改革的大背景下,基于博弈理论、规制经济学的相关知识,运用四个双方博弈模型全面地从本质上分析中小企业向正规金融机构寻求贷款过程中存在的障碍,并比较分析非正规金融在破除这些障碍帮助中小企业融资的优势与不足。在此基础上,本文将政府角色加入模型中,构建了一个基于市场准入的政府与非正规金融、中小企业之间的三方博弈模型,用以研究政府在对非正规金融进行规制所应采取的选择方式；构建了一个基于风险补偿的政府与规范化后的非正规金融机构、中小企业之间的三方博弈模型,用以研究政府在通过影响规范化后的非正规金融机构,从而解决中小企业融资难问题。结合两个三方博弈模型的结论,本文从中小企业角度、非正规金融角度、监管部门角度提供了对政府对策的建议。
[Abstract]:In 2011, the private loan debt crisis broke out in Wenzhou, Ordos and other places once again pushed the financing problem of small and medium-sized enterprises to the top of the wave. The paper introduced the current situation of SMEs financing, formal finance and informal finance in China. This paper analyzes the defects of the government in the regulation of SME financing. The basic view is that there is no positive interaction mechanism between the SME, the bank and the government regulation. Moreover, there is no perfect legal system and administrative system, and the government's regulation of informal finance is lack of effective system, but it is gradually promoting the formalization of informal finance. The informal financial market has become an important part of our financial system. The point of view of this paper is that the government can create a multi-level enterprise social network environment, guide enterprises to accumulate "social reputation assets", innovate and perfect the credit system of small and medium-sized enterprises. In order to enhance the soft power of small and medium-sized enterprises, improve the institutional environment of small and medium-sized enterprises; and hope that the government will guide informal finance to flow to the real economy, such as small and medium-sized enterprises, and guide the development of informal finance and local small and medium-sized financial institutions. In order to make the informal finance develop to standardization, and hope that each regulatory department can strengthen cooperation, improve the effectiveness of government regulation. Under the background of the financial pilot reform, this paper, based on the game theory, regulates the relevant knowledge of economics. By using the four game models, the paper analyzes the obstacles in the process of SMEs seeking loans from formal financial institutions. On the basis of analyzing the advantages and disadvantages of informal finance in overcoming these barriers to help SMEs finance, this paper adds the role of government to the model and constructs a government and informal finance based on market access. The three-way game model between small and medium-sized enterprises is used to study the choice of government to regulate informal finance, and to construct a government based on risk compensation and a standardized informal financial institution. The three-way game model between small and medium-sized enterprises is used to study the government's difficulty in financing small and medium-sized enterprises by influencing the standardized informal financial institutions. Combined with the conclusion of the two three-way game models, this paper studies the problem of small and medium-sized enterprises from the point of view of small and medium-sized enterprises. The informal finance angle, the supervisory department angle has provided the suggestion to the government countermeasure.
【学位授予单位】：华东理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F276.3;F832.4

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