CAJ | 학술논문

以C-D生产函数为基础结合委托代理模型,对科技型小微企业信用风险分担原理进行了深入分析.通过模型证明了银保合作多机构参与下的风险分担模式对提高科技型小微企业信用风险分担效率的适用性,从而对各个参与者（银行和担保公司、保险公司、政府部门）的信用风险分担契约进行针对性研究,并且将企业预期违约率作为风险分担的准入条件来降低信用风险的不确定性.为建立以政府为指导,商业银行为核心、相互合作、风险共担的科技型小微企业融资保障机制提供借鉴.
이C-D생산함수위기출결합위탁대리모형,대과기형소미기업신용풍험분담원리진행료심입분석.통과모형증명료은보합작다궤구삼여하적풍험분담모식대제고과기형소미기업신용풍험분담효솔적괄용성,종이대각개삼여자（은행화담보공사、보험공사、정부부문）적신용풍험분담계약진행침대성연구,병차장기업예기위약솔작위풍험분담적준입조건래강저신용풍험적불학정성.위건립이정부위지도,상업은행위핵심、상호합작、풍험공담적과기형소미기업융자보장궤제제공차감.
Based on the C -D production function and principal -agent model, this paper thoroughly analyzes the credit risk sharingtheory for small and mid - sized science and technology enterprises. The empirical model proves that multilateral cooperation between Banks and insurance institutions is applicable to improve the efficiency of credit risk sharing for small and medium - sized science and technology enterprises. We focus the analysison credit risk sharing contracts of different participants - - banks and guarantee companies, insurance companies, and government departments. Using the expected default rates as risk sharing access requirements, we reduce the uncertainty of credit risk. This paper provides instructions on establishing a multilaterally - cooperated risk - sharing guarantee mechanism for small and mid - sized science and technology enterprises. This financing guarantee mecha- nism should be instructed by the government and centered on commercial banks.