信息不对称下的银企信贷关系研究

根据诚信在银企合作中的重要作用,运用委托代理、蜈蚣博弈等相关理论对银行与企业的信贷关系进行研究.将银行与企业的信贷过程分为一次博弈与重复博弈两个阶段.在一次博弈阶段,解释了银行惜贷现象产生的原因;在重复博弈阶段,确定了最佳的合作周期以及申请贷款企业对信贷配给的最低期望.通过这种机制,在一定程度上降低了银行与企业信贷过程中的逆向选择和道德风险.

Credit Relation Between Bank and Enterprise Under Information Asymmetry

According to the commercial integrity that plays an important role in the cooperation between bank and enterprise,the credit relation between them is studied on the basis of the principal-agent theory and centipede game theory,etc.,and the credit process is divided into two stages,i.e.,one-time game and repeated game.In the one-time game the phenomenon of reluctance to loan is explained,and in the repeated game the optimal cycle of cooperation is determined,as well as the minimum expected credit rationing o...