所建立的博弈模型说明,关系型融资的内涵是银行在与中小企业的重复博弈中,逐渐了解到企业的类型,从而减轻了逆向选择,能够更为准确地作出是否贷款的决策。还指出,当存在影响博弈参与人的收益的外生因素时,“针锋相对”或“冷酷”策略并非银行的最优策略。给出一种比上述两种策略更佳的“冷静”策略。运用该策略将获得大于等于运用另外两种策略所获得的总期望利润。 The game model established shows that the connotation of relational financing is that banks gradually understand the type of enterprises in repeated games with SMEs, thus reducing the adverse selection and making more accurate loan-making decisions. Also pointed out that when there are exogenous factors that affect the returns of the game participants, “tit-for-tat” or “cold” strategies are not the bank’s optimal strategy. Give a “cool” strategy that is better than the two strategies above. Applying this strategy will yield greater than or equal to the total expected profit from using the other two strategies.