摘要
分析有限责任体制下的中小企业,以期权理论为基础,根据不同企业的经营风险水平和资产负债率的差别,构造出在这个担保体系下担保公司的基本担保费率和商业银行的基本贷款利率.与无信用担保的情况比较,模型结果表明在担保机构的信用担保下有利于降低银行到期收不回贷款的风险,有利于增强中小企业的融资能力,改善中小企业的融资环境.
The development of small business is restricted by its financing. The government should establish the credit insurance systems which are supported by the funds from the government to incentive the development of small business. In the system, the insurance organization offer the credit insurance and banks provide the loan under the insurance. A model for fixing a price of the credit insurance was given with the help of option pricing method. The analysis of the model showed that the risks of banks could be reduced effectively and the small business＇ financing improved under the credit insurance.
出处
《华中科技大学学报（自然科学版）》
EI
CAS
CSCD
北大核心
2006年第3期118-121,共4页
Journal of Huazhong University of Science and Technology(Natural Science Edition)
关键词
信用担保
企业融资
担保费率定价
贷款利率定价
credit assurance
small business＇ financing
credit insurance
fixing price
