Analysis Of Shenyang SMSs’ Financing Problems Under Asymmetric Information

In the real economy, small and medium-sized enterprises play a role that cannotbe ignored, cannot be replaced in Shenyang, economic development, at the same timethe number of the small and medium-sized enterprises is large and import, and itsmain contents and important pillar of economic development in Shenyang. And attachgreat importance to the development of small and medium-sized enterprises arecommon practices of the modern economy, and also vigorously promote thedevelopment of small and medium-sized enterprises is today’s topic.In the process of the development of small and medium-sized enterprises andfinancing, information plays a more and more important role, but in the real economy,information asymmetry phenomenon is widespread, and small and medium-sizedenterprise information can’t finish the production mechanism, poor informationchannels, argues, guarantee agencies, such problems as information asymmetrybetween the government and small and medium-sized enterprises is more serious. Asa result of the existence of these problems, the financing difficulties of small andmedium-sized enterprises intensified. Therefore, finding the cause of informationasymmetry and explore solutions to alleviate the financing difficulties of small andmedium-sized enterprises is particularly important.In this paper, from the perspective of information asymmetry, in the first chapter,expounds the research background and research significance, also research status athome and abroad are introduced; The second chapter mainly using theoretical analysismethod, the concept of financing, small and medium-sized enterprises andinformation asymmetry theory is referred; The third chapter analysis using the modelto discusses the credit market, how asymmetric information leads to adverse selectionand moral hazard and the resulting credit rationing; In the fourth chapter, financingdifficult problem carried on the thorough analysis, point out that the perspective ofqualitative and theory, the situation of the financing of small and medium-sizedenterprises are import reasons leading to the financing difficulties of small andmedium-sized enterprises in Shenyang, At last, from different angles and differentlevels, use multi-angle and systematic measures to solve the financing difficulties of small and medium-sized enterprises in Shenyang.