文档介绍：华中科技大学
硕士学位论文
基于利率市场化的中小企业信贷融资问题研究
姓名:王胜林
申请学位级别:硕士
专业:工商管理
指导教师:郑长军
20060419
摘要
中小企业在我国国民经济中的重要性日渐凸现,现有融资环境已不能适应中小
企业的健康发展,融资难问题迫切需要解决。利率市场化在我国的推进已经初见成
效,在国民经济中逐步发挥着积极的资源配置作用,这也给中小企业融资提供了新
的发展契机。
本文通过分析利率对中小企业信贷融资的影响,提出了在利率市场化条件下,
解决中小企业融资问题的宏微观对策。论文首先分析了我国中小企业在国民经济中
的基本地位,明确了目前中小企业融资,特别是外部融资方式中占主导地位的信贷
融资现状和亟待解决的问题,为下文论证奠定相关现实依据。随后从传统的利率决
定理论入手,说明利率是在市场中形成并由市场供求力量决定的;但发展中国家的
利率机制并不能发挥调节投资的作用,原因是政府实行严厉的利率管制,由此引出
以麦金农等为代表的金融深化理论,其核心是必须解除利率管制,使利率充分发挥
调节投资的功能。接着通过一个简单的模型佐证了利率市场化的结果会使得为中小
企业提供融资的金融机构更加理性地考虑风险和收益的权衡问题,进而提出了利率
市场化是解决中小企业融资难题的一个必要条件的判断。
最后,综合了以上论述和分析,提出了作者观点,要解决中小企业融资问题,
除了更彻底地进行利率市场化改革外;还应该从宏观上加强健全中小企业信用评估
制度,建立完善的中小企业信用担保体系;微观上银行要重新审视中小企业这个利
润点,建立更完善的价格风险机制;同时企业自身要开辟多种融资渠道,减少对信
贷的过度依赖。

关键词: 中小企业银行信贷信贷融资利率市场化利率管制
I
Abstract
SMEs1 have been more important in our national economy, but the financing of them
has been a problem for a long time, and restricts the development severely, especially on
credit finacing field.
Firstly,we has known the basic status of Chinese SMEs in national economy , and has
been clear about the question which the present SMEs credit financing present situation
and urgently awaits to be solved.
Secondly, initially with support of traditional economic theories about decision of the
interest rate, the writer shows that it is in the market that the interest rate is determined by
the supply and demand of the markets. However, the rate mechanic in developing
countries is not capable of function as investment adjustment, because of government
severe constraint of the interest rate. Then in this part the writer introduces the theory of
financial deepening represented by , whose kernel is to abolish constraint of
the interest rate so that it can freely adjusts investment.
Thirdly, we has been able to cause through a simple model evidence interest rate
marketability result for the SMEs to provide financing the an rationally
consideration risk and the