金融支持小微企业发展的政策有效性研究——基于模糊综合评价模型  

A Research on Policy Effectiveness of Financial Support for Small and Micro Enterprises——Based on the Fuzzy Comprehensive Evaluation Model

作　　者：李云山[1] 楚晓光[1] 

机构地区：[1]中国人民银行济南分行,山东济南250021

出　　处：《金融发展研究》2017年第9期61-66,共6页Journal Of Financial Development Research

摘　　要：本文基于模糊综合评价模型对金融支持小微企业政策有效性进行了评估,研究发现各种政策手段的组合与配置对于小微企业融资环境改善作用逐步凸显。直接作用于商业银行信贷管理和服务优化方面的政策有效性更为显著;定向货币政策和差别化监管措施增强了政策传导效率;金融生态环境优化政策还需释放更多的潜能;多层次金融组织建设政策有效性相对较低;直接融资成为当前小微企业融资最薄弱环节。依据研究结果,应继续强化货币政策和差别化监管正向激励;改进小微企业信贷运营管理机制,激活银行信贷投放内生动力;推动多层次金融组织体系建设,规范大力发展新型金融机构和业态;完善信息和增信的配套制度,健全风险分担和补偿机制;加快推进多元化小微企业融资机制,切实拓宽企业融资渠道。Based on the fuzzy comprehensive evaluation model, this paper evaluates the policy effectiveness of fi-nancial support for small and micro enterprises, and finds that the combination of various policy instruments plays an important role in improving the financing environment of small and micro enterprises. The policy that directly applied to the credit management and service of commercial banks is more effective,oriented monetary policy and differential regulatory measures enhance the efficiency of policy transmission, the policy about financial ecological environment al-so needs to release more potential, the effectiveness of multi-level financial organization construction is relatively low, direct financing has become the weakest link in financing of small and micro enterprises. Accordingly, it can be concluded as follows： strengthen monetary policy and differential supervision, improve the credit operation, promote the construction of multi-level financial organization system, improve the risk sharing and compensation mechanism and expand the five suggestions of financing channels.

关 键 词：金融政策 小微企业 政策有效性 

分 类 号：F830[经济管理—金融学]