摘要
商业银行具有担保偏好行为,即偏好发放担保贷款。信贷交易存在很高的不确定性,银行为了降低不确定性,有两种方案可供选择:一是商业银行进行较强的筛选、监督和审查活动,获取企业的信息;二是商业银行依靠担保,节约筛选成本、监督成本和审查成本。有限理性的商业银行当然会选择后者。但是,担保行为不能完全替代银行的筛选、监督和审查活动,因为担保品本身也存在诸如价值波动等不确定性。
The article holds that collateral loan with security can reduce transaction cost and uncertainty. There are two schemes for banks to reduce uncertainty. First, commercial banks get the information of enterprises through screening, monitoring and auditing. Second, relying on collateral, commercial banks can save the costs of those activities. But collateral and screening /monitoring functions are not substitution becau~ screening/monitoring functions are bank＇ s important function, which is the reason why banks exist.
出处
《财经科学》
CSSCI
北大核心
2007年第12期24-31,共8页
Finance & Economics
基金
2006年西南财经大学科研基金资助项目的成果
关键词
担保偏好
交易成本
信息
不确定性
Preference for Collateral Loan
Transaction Cost
Information
Uncertainty
