摘要
现有文献倾向认为影响金融机构包容小微企业的原因主要是小微企业信用风险高、小额业务单位成本高、金融机构的偏见等,本文研究发现该问题的核心在于金融机构使用小微企业信息的选择有偏性,而充分使用软信息进行信息纠偏、信息弥合和风险识别是关键,降低软信息成本是其基本前提。本文正是在这种框架下,对软信息成本和金融包容度的关系进行了理论探讨和模拟研究。结果显示,降低软信息成本,充分使用软信息进行信用风险定价与管理,能有效提高金融机构对小微企业的金融包容度。
The papers tended to think that high credit risk and higher small business unit cost of SME are the cause of the financial inclusion of the financial institutions to SME.The results show that the core of the problem is the biased use of the information structure of SME, and the key lies in making full use of soft information to rectify the deviation, bridge and identify risk. The basic premise rests with the decreasing the cost of soft information. The relationship between financial inclusion and the soft information cost has been studied theoretically and empirically. The results show that, to make full use of soft information and reduce its cost can effectively improve the financial institutions＇ inclusion to SME.
出处
《投资研究》
2016年第3期130-139,共10页
Review of Investment Studies
基金
2015年度"中央高校基本科研业务费"博士生课题项目(一般项目)资助
项目编号:JBK1507001
关键词
软信息
硬信息
互联网技术
小微企业融资
soft information
hard information
Internet technology
SME financing
