CAJ | 학술논문

本文通过建立理论模型，分析了银行通过电子商务平台为中小企业贷款的新型信贷模式。信息不对称使得银行通过设计抵押品和利率的传统信贷模式无法满足部分中小企业的融资需求，从而出现信贷配给。本文证明，引入电子商务平台后，其在增大企业违约成本、采集企业信息、实现风险共担等方面的优势可以在一定条件下帮助企业展示自己的信用类型。即使在没有抵押品的情况下，传统模式下受到信贷约束的低风险中小企业在新模式下可以获得银行贷款。本文进一步分析了企业违约成本、信息获取优势、风险共担机制、电子商务用户总规模等因素对电子商务作用的影响，在此基础上提出政策建议。本文为通过电子商务平台解决我国中小企业的融资难题提供了理论基础。
본문통과건립이론모형，분석료은행통과전자상무평태위중소기업대관적신형신대모식。신식불대칭사득은행통과설계저압품화리솔적전통신대모식무법만족부분중소기업적융자수구，종이출현신대배급。본문증명，인입전자상무평태후，기재증대기업위약성본、채집기업신식、실현풍험공담등방면적우세가이재일정조건하방조기업전시자기적신용류형。즉사재몰유저압품적정황하，전통모식하수도신대약속적저풍험중소기업재신모식하가이획득은행대관。본문진일보분석료기업위약성본、신식획취우세、풍험공담궤제、전자상무용호총규모등인소대전자상무작용적영향，재차기출상제출정책건의。본문위통과전자상무평태해결아국중소기업적융자난제제공료이론기출。
Based on the theory of information economics, this paper sets up a mathematical model to analyze a new credit pattern in China that allows SMEs to get access to bank loans through E-commerce. In traditional credit patterns, credit rationing of SMEs occurs due to asymmetric information, since the contract consisting of collaterals and interest rate can not fully screen different types of SMEs. The introduction of E-commerce solves this problem under certain conditions, since it is able to increase firms＇ default cost, alleviate information asymmetry and enhance risk sharing. It is proved that low risk SMEs that are rationed from financing in traditional credit patterns are capable of obtaining bank loans when E-commerce is present. Comparative statics concerning the features of E-commerce are conducted and policy implications are put forward based on the model. This paper lays the mieroeconomic foundation for the effects of E-commerce on the improvement of SMEs＇ financing in China.