利率管制与利率市场化背景下中小企业融资比较  

Comparison of Financing of Small and Medium Sized Enterprises on Conditions of Regulated Interest Rate and Market-Oriented Interest Rate

作　　者：崔兵[1] 晏骁 

机构地区：[1]湖北工业大学经济与管理学院,湖北武汉430068

出　　处：《湖北工业大学学报》2015年第3期56-59,共4页Journal of Hubei University of Technology

基　　金：湖北工业大学博士启动基金(BSQD12083);教育部人文社科基金青年项目(12YCJ790021)

摘　　要：利率管制到利率市场化是金融制度的变迁过程,利率管制下政府刻意为体制内金融机构和生产企业创造租金机会必然造成中小企业融资困难,而利率市场化将会减少这种租金机会,为中小企业释放更多资源。利率管制下,中小企业从正规金融渠道融资难,非正规金融渠道融资贵,信息不对称问题严重;而在利率市场化条件下金融机构将更加重视对中小企业的融资,信息不对称问题和企业的经营环境也将得到明显改善。当然,利率市场化只是为中小企业融资创造了便利条件,中小企业融资状况的改善还需多项配套制度安排。The change from regulated interest to market-oriented interest rate is an institutional one.The government sector deliberately create rent for financial institutions and state-owned enterprises in regulated interest condition,which will lead to the financing difficulty of small and medium sized enterprises（SME）.Market-oriented interest rate can reduce the rent and allocate more resources to SME.In regulated interest condition,it is difficult for SME to raise capital from official financial institutions and expensive from informal financial market.There also exists a critical information asymmetry in the condition.While in a market-oriented interest rate condition,SME can get more attention from financial institutions,the information asymmetry and business environment can both be improved.Without doubt,the liberalization of interest rate is just to create a favorable condition for the financing of SME,it needs more supporting systems to improve the financial situation of SME.

关 键 词：利率管制 利率市场化 中小企业融资 

分 类 号：F832.42[经济管理—金融学]