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基于信息成本构建的银企融资模型显示,贷款利率市场化使得银行可以通过调整利率控制贷款收益率风险,并影响均衡的贷款—投资数量和信息成本的分摊,加之中小科技企业的期望科技进步率较快,贷款利率市场化可以使科技型中小企业更容易从银行获得初次贷款和持续贷款支持。在利率市场化条件下,为了改善中小科技企业的融资环境,应该加强对科技进步的引导、实施稳健的货币政策、促进商业银行建立合理的贷款定价机制。
The model of bank-enterprise financing based on information cost shows that the marketization of loan interest rate enables banks to control the risk of loan rate of return by adjusting interest rate and the balance of loan-investment quantity and information cost. In addition, the expected rate of technological progress of small and medium-sized technology enterprises Faster, marketization of lending rates can make it easier for S & T SMEs to obtain initial loans and continuous loan support from banks. Under the condition of interest rate liberalization, in order to improve the financing environment for small and medium-sized technology enterprises, we should step up the guidance for scientific and technological progress, implement a prudent monetary policy and promote commercial banks to establish a reasonable loan pricing mechanism.