Small And Medium-sized Enterprise Financing Credit Mechanism And Development Research

The paper research small and medium-sized enterprise financing problems to provide a new research perspective for easing the financing difficulties of small and medium-sized enterprises from the perspective of financing credit mechanism.Thesis uses the method of literature retrieval and quantitative analysis,from the angle of small and medium-sized enterprise financing credit mechanism,the information asymmetry theory as a foundation for the construction of small and medium-sized enterprise financing credit mechanism theory,research different financing credit mechanism how to play a role in a variety of small and medium-sized enterprise financing mode,alleviate the degree of information asymmetry,improve the efficiency of small and medium-sized enterprise financing.Among them,the traditional bank-enterprise lending model uses the deterrence credit mechanism,with the aid of repeated game to alleviate the information asymmetry problem between the bank and enterprise;Supply chain financing model using understand credit mechanism,trading information on the supply chain to reduce the information asymmetry problem between the bank and enterprise;Internet financial model give priority to understand credit mechanism,technical credit mechanism is complementary,rely on the Internet platform data to weak information asymmetry problem between the bank and enterprise.Paper taking the four essential factors of financing credit mechanism that credit carrier,information transmission mechanism,incentive mechanism and punishment mechanism as the breakthrough point,to comb the evolution process of small and medium-sized enterprise financing credit mechanism,combined with the management method of cooperative competition between small and medium-sized enterprises,puts forward the development of small and medium-sized enterprise financing credit mechanism path:in a vertical cooperation network using supply chain financing,at a competitive network using block chain financing,and uses the method of regression analysis and game theory to verify the effect of the credit mechanism which is improving to the small and medium enterprises financing efficiency.The research of small and medium-sized enterprise financing credit mechanism evolution process and the future development path is not only of great significance in solving the problem of capital supply and demand information asymmetry,easing the financing difficulties of small and medium-sized enterprises,but also of realistic significance in promoting reform of the financial market supply side.