学术探索
學術探索
학술탐색
ACADEMIC RESEARCH
2014年
12期
124-131
,共8页
互联网金融%科技型中小企业%融资
互聯網金融%科技型中小企業%融資
호련망금융%과기형중소기업%융자
Internet finance%technology-based SMEs%financing
互联网金融的发展能适度解决科技型中小企业融资难的问题，而他们之间的对接障碍在于投资者和融资企业之间的信息不对称，通过建立科技型中小企业互联网金融的信息不对称模型分析其博弈均衡，并对互联网金融的四种融资模式比较分析后发现众筹融资模式是最适合科技型中小企业融资需要的，同时建议大胆尝试“网络联保融资＋担保”的新型融资模式，最后从互联网金融自身运作、科技型中小企业征信体系建设、加强互联网金融监管、中介机构的引入以及投资者风险意识防范等五个角度提出优化策略。
互聯網金融的髮展能適度解決科技型中小企業融資難的問題，而他們之間的對接障礙在于投資者和融資企業之間的信息不對稱，通過建立科技型中小企業互聯網金融的信息不對稱模型分析其博弈均衡，併對互聯網金融的四種融資模式比較分析後髮現衆籌融資模式是最適閤科技型中小企業融資需要的，同時建議大膽嘗試“網絡聯保融資＋擔保”的新型融資模式，最後從互聯網金融自身運作、科技型中小企業徵信體繫建設、加彊互聯網金融鑑管、中介機構的引入以及投資者風險意識防範等五箇角度提齣優化策略。
호련망금융적발전능괄도해결과기형중소기업융자난적문제，이타문지간적대접장애재우투자자화융자기업지간적신식불대칭，통과건립과기형중소기업호련망금융적신식불대칭모형분석기박혁균형，병대호련망금융적사충융자모식비교분석후발현음주융자모식시최괄합과기형중소기업융자수요적，동시건의대담상시“망락련보융자＋담보”적신형융자모식，최후종호련망금융자신운작、과기형중소기업정신체계건설、가강호련망금융감관、중개궤구적인입이급투자자풍험의식방범등오개각도제출우화책략。
With the development of Internet finance,the technology-based SMEs can solve their financing problem appropriate_ly.The abutting barrier between them is information asymmetry that exists between investors and financing enterprises.We estab_lish the information asymmetry model of the technology-based SMEs’ Internet financing to explore their game balance,and then we make a comparative analysis of the four kinds of financing patterns on Internet finance.It is found that the most suitable pat_tern for the financing need of the technology-based SMEs is crowd funding.Meanwhile,we recommend a new financing pattern of“network joint guarantee financing and warrant”.Finally,five optimization strategies are put forward:the Internet finance op_eration,the construction of credit system of the technology-based SMEs,strengthening the financial supervision,the introduc_tion of intermediaries and improving investors’ risk prevention consciousness.
