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Research On The Controlling Of Credit Risk Of The Small And Medium Sized Technological Enterprises

Posted on:2006-02-13Degree:MasterType:Thesis
Country:ChinaCandidate:X H MuFull Text:PDF
GTID:2166360155972907Subject:Finance
Abstract/Summary:PDF Full Text Request
It is difficult for the small & medium sized technological enterprises to get the loans from the commercial banks. This is not only a problem hung over for a long period but also a problem connect to the development of the commercial banks and the small & medium sized technological enterprises. How to solve the supply and demand contradiction between them and get the "win-win"result is always the key been discussed . Under the situation of high technology becoming the tendency, the small & medium sized technological enterprises playing a more and more important role to promote the development of GDP. In order to promote of the development of these enterprises we must solve the difficulty in getting money from the commercial bank. But the development must be stable. The commercial banks must guarantee the safety, fluidity and the profitability. The safety is the most important one. These enterprises need fund supply extraordinary to promote the self-development under the condition that the information is not symmetric. The key to solve the contradiction is that how to valuate the risk of the loan. The paper use the method of the economics of information and the game theory , then analyze the adverse selection and the moral hazard under the condition that the information is not symmetric. It explain the credit rationing phenomenon between the commercial banks and the small & medium sized technological enterprises. Because of the way for these enterprises to get the fund is limited and the enterprises must through the commercial banks to realize the goal. But the ways now used to valuate the risk of the loan of the commercial banks is not suit for these enterprises and have many limitations: ①The way now used is not efficient but have high cost, it is not suit for the needing of these enterprises. This kind of enterprises need not many but need many times and urgently; ②The problem of guarantee is still not solved; ③The enterprises can not provide the perfect financial data to the commercial banks. At the same time, the model of the way to evaluate the credit risk of these enterprises have its limitations too. For this reason, the paper analyze the theory of the incentive-constraints mechanism and point out the necessity of use this mechanism in solve the problem between the commercial banks and the small & medium sized technological enterprises. At last, the paper thinking about the interest rate policy under the economic condition now. Then bring forward some advices to control loan risks of these enterprises:①setting up the index system to evaluate the credit risk of these enterprises; ②do the right design to get money for the small & medium sized technological enterprises; ③designing financial innovation product for these enterprises; ④creating the credit inquiring system. This chapter also point out that the project depends on a good credit system that is created by society, government and enterprises.
Keywords/Search Tags:Commercial banks, small & medium sized technological enterprises, Incentive-constraint mechanism, loan risk control
PDF Full Text Request
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