电子商务、银行信贷与中小企业融资——一个基于信息经济学的理论模型

发布时间：2019-03-28 11:56

【摘要】：本文通过建立理论模型,分析了银行通过电子商务平台为中小企业贷款的新型信贷模式。信息不对称使得银行通过设计抵押品和利率的传统信贷模式无法满足部分中小企业的融资需求,从而出现信贷配给。本文证明,引入电子商务平台后,其在增大企业违约成本、采集企业信息、实现风险共担等方面的优势可以在一定条件下帮助企业展示自己的信用类型。即使在没有抵押品的情况下,传统模式下受到信贷约束的低风险中小企业在新模式下可以获得银行贷款。本文进一步分析了企业违约成本、信息获取优势、风险共担机制、电子商务用户总规模等因素对电子商务作用的影响,在此基础上提出政策建议。本文为通过电子商务平台解决我国中小企业的融资难题提供了理论基础。
[Abstract]:By establishing a theoretical model, this paper analyzes a new type of credit mode in which banks lend to small and medium-sized enterprises through e-commerce platform. Asymmetric information makes it impossible for banks to meet the financing needs of some small and medium-sized enterprises by designing collateral and interest rates in traditional credit mode, which leads to the emergence of credit rationing. This paper proves that with the introduction of e-commerce platform, its advantages in increasing the cost of default, collecting enterprise information and realizing risk sharing can help enterprises to display their credit types under certain conditions. Even in the absence of collateral, low-risk small and medium-sized enterprises with credit constraints under the traditional model can obtain bank loans under the new model. This paper further analyzes the impact of the cost of default, the advantage of information acquisition, the mechanism of risk sharing and the total size of e-commerce users on the role of e-commerce, and then puts forward some policy suggestions on this basis. This paper provides a theoretical basis for solving the financing problems of small and medium-sized enterprises in China through e-commerce platform.
【作者单位】：北京大学国家发展研究院中国经济研究中心;
【分类号】：F724.6;F832.4;F276.3

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