Study On Bank Financing Of Small And Medium Sized Enterprises Under Asymmetric Information Game

The important role of small and medium-sized enterprises in the national economy is undoubted, especially in the developing countries such as China is even more so. It takes a outstanding role in stimulating the gross national product, enhancing national economic strength, invigorating market, promoting orderly market competition, raising employment opportunities, solving the employment problem, promoting social innovation, as well as giving full play to the entrepreneurial spirit. But at present, the difficulty of financing is the biggest bottleneck restricting the development of SMEs; in order to alleviate the financing difficulties of small and medium-sized enterprises effectively, it is supposed to make the further development of small and medium-sized enterprises. The financing of small and medium enterprises has its own characters. Through the analysis of financing characteristics and financing environment of small and medium-sized enterprises, the author summarized the difficulties in financing of the small and medium-sized enterprises at present.On the dilemma of SME bank financing based on, we discussed the relationship between the small and medium-sized enterprise financing ability and financial performance and the degree of information asymmetry, the degree of information asymmetry index is introduced on the basis of former research, and through the analysis of the financing of small and medium-sized enterprises the main restricting factor is the asymmetric information of the conclusion, then point out how to solve the Asymmetric information problem and key to solve the problem of financing of small and medium-sized enterprises.Game theory is used for discussing the proposition that principal parts how to cope with under direct or indirect interaction,as well as for the balance in Strategies. The introduction of game theory can solve the problems in traditional economics can not solve the problem, taking into account the mutual influence between the participants of the decision. Game theory is a powerful tool in mathematics, the application scope is very extensive, especially in the field of economics is the most obvious. By using the game theory to study the financing problem of small and medium-sized enterprise bank, has opened up a whole new way of thinking for us.Asymmetric information game theory to analyze the relationship between banks and enterprises from the perspective of provides a new method for the future to solve the problem of financing small and medium enterprises. Because in the study, we found that the effective transmission of the existing credit model is unable to realize the information, which led directly to the small and medium-sized enterprises is difficult to melt into the capital from the bank, the bank also can effectively achieve the desired to prevent adverse selection effect. So we introduce asymmetric information game model, trying to through the model to promote the bank and Finance provides a new path. The introduction of a special but the application of asymmetric information dynamic game to analysis the broader credit relationship between the signaling game in the classic asymmetric information game model on the choice of the strategy of deepening, in the financing game banks and small and medium-sized enterprises, to make a reasonable explanation. And through the interpretation of the separating equilibrium condition, providing theoretical support to improve the financing proposal.