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A Solution to SMEs Financing Difficulty by the Introduction of Guarantee Institutions: Mechanism Design Based on Option Strategy

Sheng Shijie, Zhou Yuanyou, Liu Liya

SMEs financing difficulty is a problem that needs to be solved urgently. This paper points out that the introduction of policy-related guarantee institutions is an efficient solution to SM...

First published at: Jun 03, 2016

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doi:10.16538/j.cnki.jfe.2016.06.006

Journal of Finance and Economics, Vol. 42, Issue 06, pp. 63 - 73

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Foreign Economics & Management

Journal of Shanghai University of Finance and Economics

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