An Research On The Financing Efficiency Of Small And Micro Enterprises In Large Commercial Banks

Small and micro enterprises financing is a global problem.In the context of the new economic normal,China's commercial Banks face the challenge of declining profit growth and narrow spread.The large commercial Banks actively develop the financing of small and micro businesses,which can form new profit growth points on the one hand,and have great practical significance to alleviate the financing predicament of small and micro enterprises in China.Firstly,the paper analyzes the power,mode and existing problems of large commercial Banks supporting the financing of small and micro businesses under the background of the new normal economy.Then,using the superefficiency DEA and Malqusit index model,the paper analyzes the efficiency of financing of small and micro enterprises in China.Again through the construction of large commercial Banks and small micro enterprise financing game model,and combining the financial exclusion perspective,analysis of large commercial Banks to support the deep-seated reasons for small micro enterprise financing efficiency is not high.Study found that:(1)the large commercial Banks mainly through innovative risk management system,make full use of the owners,the innovation way of guarantee,mortgage with large data audit and business sells to alleviate the information asymmetry,through the"retail" to "wholesale",an assembly line,and with the aid of"Internet +" to reduce borrowing costs;(2)the big commercial Banks mainly by improving the pure technical efficiency(i.e.,improve the level of production management)and technological progress to promote the improvement of total factor productivity,but this effect is declining under the background of the new normal growth and the influence of the rapid growth of the Internet financial;(3)from the overall,small and medium-sized commercial Banks to small micro enterprise financing total factor productivity than large commercial Banks,the empirical conclusion still support the theory of "small bank advantage",but since 2015,the big commercial Banks of small micro enterprise loan total factor productivity began,the applicability of the theory of"small bank advantage" weaken gradually;(4)in a one-off game,small and medium-sized enterprises will choose to default,and large commercial Banks refuse to lend;In the repeated game,small and micro enterprises will choose to keep the contract,while large commercial Banks choose to make loans;In the mortgage game,as long as the value of the collateral is large enough,small and micro businesses will choose to keep the contract,while large commercial Banks choose to make loans;(5)in the context of the new normal economy,even small and micro businesses have collateral,and large commercial Banks face a dilemma:if the interest rate is not raised,the risk compensation is insufficient.Raising interest rates would increase the probability that small and micro businesses would default.Based on the large Banks in our country the shortage of small micro enterprise loan business at the same time,draw lessons from the successful experience of large foreign Banks,according to China's national conditions,the big Banks in China are put forward some countermeasures and Suggestions to perfect the small micro enterprise loan business,including:(1)the use of information technology to improve total factor productivity;(2)make full use of the owner's property mortgage and innovate the guarantee mode;(3)increase financing support for small and micro businesses in emerging industries;(4)strengthen the construction of credit system.