An Empirical Study of the Risk Sharing Mechanism for SME Clusters

Abstract

This paper testified the privilege of SME cluster financing through an empirical study on the issues of financing situation of SME clusters.The empirical results show that the clustering is an innovation in SME's financing,which lays financing foundation for SME to solve the natural constraints.As a result,we must consider the risk sharing mechanism of symbiotic relationship,increasing the system utility and decentralizing systematic credit risk.An opinion has been put forward that the expanding the boundary of symbiotic relationship is an innovative mechanism of industrial clusters'financing.