The Research Of Small And Micro-enterprises’Bank Financing Problems From The Perspective Of Transaction Cost

The small and micro-enterprises have long been the most active entity and strength of the market economy in our country, play an irreplaceable and essential role in creating social wealth, increasing revenues, improving urban employment and promoting the innovation of science and technology, but the difficulties in financing have always been restricting their development and survival. Under the current financial system, banking financing is an inevitable choice for small and micro-enterprises, therefore, the research on small and micro-enterprises’bank financing problem helps to break its financing difficulties and promotes a sustainable and healthy development of small and micro-enterprises.From the perspective of transaction cost control, based on the related theory of Marxist economics and western economics, using the method of abstract analysis and specific analysis, typical analysis and comparative, qualitative analysis and quantitative analysis, this paper observes the present situation of small and micro-enterprises’ financing from the definition of related concept, points out that the supportive policies have come into play, but the question on how to carry out has not been solved, banking supportive effects are obvious,but the underlying problem is unable to avoid, small and micro-enterprises have being developed rapidly, but their credit status remain to be improved. Besides, this paper analyzes the formation and basic reason of small and micro-enterprises’ financing gap, points out that the transaction cost is the fundamental factor for the formation of small micro enterprises’ financing gap, and the opportunism in the trading process, scale economy and high risk premium is the specific reason for the formation of small micro enterprises’ financing gap. On this basis, by learning the advanced banking financing experience of small and micro-enterprises from the United States, Germany and Japan, this paper will put forward some counter measures and suggestions from three aspects, involving the government’s institutional innovation, the bank’s financial innovation and small and micro-enterprises’ financing innovation, in order to reduce the transaction cost of bank financing and improve the bank financing efficiency, accordingly solving the financing problem of small and micro-enterprises.