不完全信息与长期客户关系:民营经济融资研究被引量：17

Incomplete Information and the Client Relationship: the Study of Financing of Private Business Sector

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摘要本文从民营经济的宏观经济效益和银行融资中的微观成本对立出发,从一般理论和沈阳市个案角度分析民营企业融资问题。结论如下:第一,民营企业融资难问题的实质在于银行承担的信息成本和长期客户关系建立难;第二,中国转轨时期的民营企业资源禀赋劣势加剧了融资难问题;第三,民营企业融资难问题的解决依赖于长期客户关系的建立和宏观效益对微观成本的抵补。 This paper studies the general theory and case in Shenyang on private business finance. Conclusions are as follows. Firstly, the difficulty of private finn finance results from the information costs and the diseconomy in bank- client relationship. Secondly, the resource endowment disadvantage of private business sector deteriorates the private finn finance. Finally, long - term bank - client relationship and cost compensation should be solutions for this financial problem.

作者张文汇

机构地区中国人民银行沈阳分行

出处《金融研究》 CSSCI 北大核心 2005年第11期164-171,共8页 Journal of Financial Research

关键词民营经济企业融资客户关系信息 private business sector, corporate finance, client relationship, information

分类号 F832.4 [经济管理—金融学]

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