Explain the financing fancy of small and medium sized enterprises ——in the angle of asymmetric information theory
Abstract: The article starts with the introduction and analysis of the finance circumstance of small and medium sized enterprises and the data from social practice and other information, amplify on the problems and puzzles which faced in small and medium sized enterprises’ financing activity. It names the choices between formal financing and informal financing .Then use the informational economics theory and asymmetric information theory to analyze relevant issues and finally give some advices for solving the relevant problems, in hope of enriching the financing choices of small and medium sized enterprises、reducing and controlling the financing risk of small and medium sized enterprises、providing a positive financial circumstance for the further development of small and medium sized enterprises.
Key Words: small and medium sized enterprise、financing、informal finance、 asymmetric information
