解决中小企业债权融资的模式：结构化--基于上海案例与模型的研究

摘要

Because of the lack of collateral and enough information,small and medium enterprises(SMEs)have difficulties in getting debt financing. Resolving the financing problem and promoting the growth of SMEs is very important in today’s economic transformation. Based on the analysis of the structure transition model -Shanghai,the study puts forth the way of structurizing,a SMEs’debt financing mode that features information acquisition,decomposition and reconstruction. Based on this mode,the paper constructs a credit model to prove the feasibility of the“structurizing”model solving the problem of the information asymmetry in SMEs’lending. Therefore,it suggests a theoretical and practical reference that helps solve the problem of SMEs’debt financing.%中小企业由于缺乏抵押物、信息不对称等原因，较难获得债权融资。缓解融资难题进而促进中小企业的发展，在经济转型的今天显得尤为重要。基于结构转型的代表———上海的诸多金融创新产品的案例分析，提出了基于信息掌握并以拆分和再组合为特征的结构化中小企业债权融资的模式，在此模式基础上，建立信贷模型探讨结构化方式解决中小企业债权融资中信息不对称的可行性。从理论上和实践上提出了解决中小企业债权融资的可参考的模式。