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《Securities Market Herald》 2015-11
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Chattel Financing: Paradigm and Practice

Luo Hongmei;  
Chattel finance fits for asset structure of small and medium-sized enterprises which lack of the real estate and rich in the chattel which results in various innovation patterns in practice. Based on the interpretation of chattel financial operating theory, the paper finds that chattel finance improves the financing efficiency by focusing on fragmentary information of small and mediumsized enterprises,incentivising various professional organizations to be active in their professional fields and control risk by monitoring chattel, prompting the emergence of financiers and professional organizations. OTC market based on the control equity of small and medium-sized enterprise attracts all kinds of participating institutions. To integrate the financial resources to explore new modes of chattel finance, regulatory policy should also follow the chattel financial operating theory and weaken constraints of chattel finance in OTC market.
【Fund】: 2014山东省高校人文社科项目“中小企业新型融资模式比较——基于信息经济学的分析”(J14WF58);; 2015山东省高校人文社科项目“市场竞争与微型金融机构风险的关系研究”(J15WG15)的资助
【CateGory Index】: F832.51
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