交易费用与国有企业融资信用制度 我国国有企业融资的制度性缺口的存在,原因固然是多方面的,但与信用和信用制度的稀缺紧密相关。国有企业融资的规模、结构及融资交易成本的大小都决定于其信用程度高低以及信用制度的健全与否。 1.信用及信用制度存在使得交易费用下降。在现实中,交易双方在交易中不可能拥有充分的信息,拥有较多信息的一方因此在交易中处于优势地位,在“经济人”的理性原则下驱利动机往往诱使其采取损害对方利益的交易行为;拥有 Transaction costs and financing credit system of state-owned enterprises The existence of institutional gaps in the financing of state-owned enterprises in our country is due to many reasons, but it is closely related to the scarcity of credit and credit systems. The scale and structure of state-owned enterprise financing and the size of financing transaction costs depend on the level of credit and the soundness of the credit system. 1. The existence of credit and credit system makes transaction costs decrease. In reality, both parties to a transaction can not have sufficient information in the transaction. One party with more information therefore takes a dominant position in the transaction. Under the rational principle of “economic man,” the incentive to drive tends to induce it to take a toll on the interests of the other party Trading behavior