基于担保机制的网络联保融资模式创新

中小企业因经营规模小、管理不完善、信息披露机制不健全等原因使银企之间出现信息不对称,导致商业银行在贷款时出于风险的考虑不愿意向中小企业放款。网络联保贷款为解决中小企业融资难和降低银行贷款风险提供了一条新路径。但在内外部约束不够强烈的条件下,网络联保运行机制会出现失效,企业倾向于选择策略性违约而给银行带来损失。为进一步降低风险,将担保制度引入到网络联保融资模式中,可以有效降低企业策略性违约的概率。

An Innovative Research on Network Co-guarantee Financing Based on Guarantee Mechanism

Commercial banks are wary about lending to SMEs for risk consideration due to the serious information asymmetry between SMEs and banks arising from SMEs'' unattractive scale, poor management and inadequate information disclosure. Network co-guarantee loan is a new path to SME financing solution and banks lowering loan risk. But with weak internal and external constraints, enterprises tend to choose strategic default, thus making the network co-guarantee financing mechanism a failure and bringing great losses to banks. To reduce risks for banks, this paper introduced a credit guarantee mechanism into the network co-guarantee financing model, which effectively lowered the probability of SMEs'' strategic default.