Title: An Analysis of Game Model of SMEs Based on Credit Guarantee
Abstract: By now,the SMEs have been the most active and potential in Chinese economy.However,the environment of the SMEs' development in China is not so well,since they can not obtain adequate financial services.The SMEs' financing difficulty has become the biggest obstacle and bottle neck of the SMEs' development in our country.So research on the internal mechanism of the SMEs' financing difficulty is significant.On the basis of the current literature,combining with characteristic of SMEs' financing,this paper builds a mathematical model with the game theory to deeply research the SMEs' financing problem under the condition of the credit guarantee,and analyses the equilibrium choice between SMEs and banks after introducing the credit guarantee mechanism,and explains why the credit guarantee mechanism can solve the problem of SMEs' financing difficulty.At last,this paper puts forward some policy suggestions.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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