信用擔(dān)保對中小企業(yè)融資的影響分析.pdf

1、華中科技大學(xué)碩士學(xué)位論文信用擔(dān)保對中小企業(yè)融資的影響分析姓名：韓靖申請學(xué)位級別：碩士專業(yè)：概率論與數(shù)理統(tǒng)計指導(dǎo)教師：楊明20060330華 中 科 技 大 學(xué) 碩 士 學(xué) 位 論 文華 中 科 技 大 學(xué) 碩 士 學(xué) 位 論 文IIAbstract The most important factor to restrict the development of small business is the difficulty of sm

2、all business’s financing. In order to incentive the development of small business, the government is gradually setting up the credit insurance system. In the system, the insurance organizations offer the small business t

3、he credit insurance and banks provide the small business the loan under the insurance. This paper first set up a game theory model, the model indicate that the big companies with high credit will get the loan from banks

4、directly, and the small business without high credit have to get the loan under the credit insurance and the credit insurance will help the small business to get the loan from the banks indirectly. The paper then gives a

5、 model that can be used to determine the price of the credit insurance and the price of loan using option pricing method. The analysis of model shows that the risks of banks are reduced effectively and the ability of sma

6、ll business’s financing improves under the credit insurance. The analysis also shows that the risks of the insurance company and the bank will grow more quickly when the small business’ risk grows under certain debt leve

7、l and the risks of the insurance company and the bank will grow more quickly when the small business’ debt level grows under certain risk level. The model also point that our government should make the loan rate more fle

8、xible in order to improve the small business financing ability and it need the bank to improve the method of risk management. At last the paper gives a model that how to determine the risk that the small business won’t r

9、eturn the loan and a method that at what time to inspect the different small business’s finance. Keyword: credit insurance, small business’s financing, the pricing of the credit insurance, the pricing of the loan, risk m