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本文以信誉链为分析工具,证明在稳定的信誉链结构下,中小企业融资可以摆脱单个企业的信誉约束,从而在整体上形成以信誉链为“担保”的“融资链”结构。而这种融资链在本质上是一种以大中小型企业“共生”为特征的融资模式。本文认为这种融资模式的建立,有利于减少或消除中小企业与金融机构之间信息不对称的矛盾,从而提升中小企业信贷资源的占有能力。
This paper uses the credibility chain as the analysis tool, and proves that under the stable credit chain structure, the SME financing can get rid of the credit constraints of a single enterprise, thus forming a “financing chain” structure with credit chain as “guarantee” as a whole. In essence, this kind of financing chain is a financing model characterized by “symbiosis” of large, medium and large-sized enterprises. This paper argues that the establishment of such a financing model is conducive to reducing or eliminating the contradictions of information asymmetry between SMEs and financial institutions, so as to enhance SMEs’ ability to occupy credit resources.