中小企业议价能力及人工信贷市场议价决策仿真研究

发布时间：2018-01-14 12:46

本文关键词：中小企业议价能力及人工信贷市场议价决策仿真研究　出处：《天津大学》2013年博士论文　论文类型：学位论文

【摘要】：改革开放30多年来,占我国企业总数99%的中小企业数量不断增长,在整个国民经济中占据越来越重要的地位。然而,中小企业融资难的问题并没有随着经济的快速发展而得到缓解。从商业银行的角度看,解决中小企业融资难的问题的关键在于正确处理好银行和中小企业的利益分配问题。贷款利率市场化改革后,中国人民银行赋予商业银行越来越大的贷款定价权,这使得关于中小企业议价能力的研究成为解决商业银行和中小企业利益分配、优化金融资源配置的关键问题之一。本文关于中小企业议价能力研究的核心内容包括两个部分。首先是关于中小企业议价能力是的实证研究。本文第三章主要基于国内某商业银行区域中小企业信贷数据,通过构建Probit实证分析模型,研究中小企业的“硬”信息和“软”信息是否以及如何影响中小企业的议价能力,得出如下结论:中小企业的“硬”信息(主要指中小企业的注册资本和销售收入)和“软”信息(主要指中小企业的经营时长)均影响中小企业的议价能力。其中,中小企业的注册资本和销售收入与议价能力正相关,而中小企业的经营时间越长,企业的议价能力越弱;当中小企业实际控制人为男性时,企业的议价能力更强;当中小企业为银行的存量信贷客户时,该企业获得优惠贷款利率的概率较大;并且拥有银行认可的抵质押物的中小企业的议价能力相对更强。其次,本文的第四章和第五章构建了一个包含交易主体议价机制的人工信贷市场模型,通过设置市场参与者主要参数,考察卖方市场环境、供求平衡市场环境和买方市场环境下的议价变动规律。本部分的仿真实验的结论如下:在买(卖)方市场上,基于本文议价决策机制的交易者往往可以使议价协商过程更有效率;在供求平衡的信贷市场上,交易者应权衡公平和效率选择相应的议价决策机制。在当前互联网金融快速发展的趋势下,本文关于议价能力的计算实验金融研究将为互联网借贷平台的交易机制、定价机制提供参考。
[Abstract]:Since the reform and opening up for more than 30 years, the number of small and medium-sized enterprises, which account for 99% of the total number of enterprises in our country, has been increasing and occupying an increasingly important position in the whole national economy. The problem of financing difficulties of SMEs has not been alleviated with the rapid development of economy. From the point of view of commercial banks. The key to solve the problem of financing difficulty for small and medium-sized enterprises lies in correctly handling the problem of interest distribution of banks and small and medium-sized enterprises, after the reform of marketization of loan interest rate. The people's Bank of China endows the commercial banks with more and more pricing power, which makes the research on the bargaining power of small and medium-sized enterprises become a solution to the distribution of commercial banks and small and medium-sized enterprises. One of the key issues in optimizing the allocation of financial resources. The core content of this paper on the bargaining power of small and medium-sized enterprises includes two parts. First, the empirical study on the bargaining power of small and medium-sized enterprises. The third chapter is the main basis of this paper. In a domestic commercial bank regional SME credit data. Through the construction of Probit empirical analysis model, this paper studies whether and how the "hard" and "soft" information of small and medium-sized enterprises affect the bargaining power of small and medium-sized enterprises. The following conclusions are drawn: the "hard" information of SMEs (mainly the registered capital and sales income of SMEs) and the "soft" information (mainly refer to the length of operation of SMEs). Affect the bargaining power of SMEs. The registered capital and sales income of small and medium-sized enterprises are positively related to bargaining power, while the longer the operating time of small and medium-sized enterprises, the weaker the bargaining power of small and medium-sized enterprises. When small and medium-sized enterprises actually control men, the bargaining power of enterprises is stronger; When the SME is the bank's stock credit customer, the probability of the enterprise getting the preferential loan interest rate is higher; And the small and medium-sized enterprises which have the bank approved collateral have stronger bargaining power. Secondly, chapter 4th and 5th of this paper build an artificial credit market model which includes the bargaining mechanism of trading parties. By setting the main parameters of the market participants, the seller's market environment is investigated. The equilibrium of supply and demand in the market environment and the buyer's market environment of bargaining changes. This part of the simulation results are as follows: in the buy (sell) market. Traders based on the bargaining decision-making mechanism can often make the negotiation process more efficient. In the credit market with balanced supply and demand, traders should balance fairness and efficiency to choose the corresponding bargaining decision-making mechanism, under the current trend of rapid development of Internet finance. The experimental financial research on bargaining power in this paper will provide a reference for the transaction mechanism and pricing mechanism of Internet lending platform.
【学位授予单位】：天津大学
【学位级别】：博士
【学位授予年份】：2013
【分类号】：F832.4;F276.3;F275

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