The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach.
<h4>Purpose</h4>This study aims to delineate the operating system of a strategic game model involving three core financial actors-government, banks, and guarantee institutions, with a focus on their collective impact on system evolution towards sustainable SME financing.<h4>Methodo...
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2024-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0315941 |
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| author | Zhu Mei Jingjing Zhang QiaoMei Zhou |
| author_facet | Zhu Mei Jingjing Zhang QiaoMei Zhou |
| author_sort | Zhu Mei |
| collection | DOAJ |
| description | <h4>Purpose</h4>This study aims to delineate the operating system of a strategic game model involving three core financial actors-government, banks, and guarantee institutions, with a focus on their collective impact on system evolution towards sustainable SME financing.<h4>Methodology</h4>Utilizing numerical simulations informed by dynamic equation constraints and optimal equilibrium states, this paper abstracts the strategic behaviors of system constituents, constructing a game model to predict and analyze system evolution within various operational contexts.<h4>Results</h4>The simulation experiments reveal the critical role of quality risk information and responsible actor behavior in maintaining low default rates and fostering a sustainable financial system. System trajectories under various scenarios highlight the fragility of the equilibrium and the necessity of concerted, strategic cooperation among all stakeholders.<h4>Conclusions</h4>Findings underscore the importance of a cooperative, conscientious approach by government, banks, and guarantee institutions to ensure a robust and sustainable SME financing environment. The study advocates for strategic policy guidance, emphasizing the interconnectedness of institutional roles and their cumulative effect on system stability. |
| format | Article |
| id | doaj-art-d724d44ccf894dbdbb600a27634d327c |
| institution | Kabale University |
| issn | 1932-6203 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-d724d44ccf894dbdbb600a27634d327c2025-01-08T05:32:22ZengPublic Library of Science (PLoS)PLoS ONE1932-62032024-01-011912e031594110.1371/journal.pone.0315941The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach.Zhu MeiJingjing ZhangQiaoMei Zhou<h4>Purpose</h4>This study aims to delineate the operating system of a strategic game model involving three core financial actors-government, banks, and guarantee institutions, with a focus on their collective impact on system evolution towards sustainable SME financing.<h4>Methodology</h4>Utilizing numerical simulations informed by dynamic equation constraints and optimal equilibrium states, this paper abstracts the strategic behaviors of system constituents, constructing a game model to predict and analyze system evolution within various operational contexts.<h4>Results</h4>The simulation experiments reveal the critical role of quality risk information and responsible actor behavior in maintaining low default rates and fostering a sustainable financial system. System trajectories under various scenarios highlight the fragility of the equilibrium and the necessity of concerted, strategic cooperation among all stakeholders.<h4>Conclusions</h4>Findings underscore the importance of a cooperative, conscientious approach by government, banks, and guarantee institutions to ensure a robust and sustainable SME financing environment. The study advocates for strategic policy guidance, emphasizing the interconnectedness of institutional roles and their cumulative effect on system stability.https://doi.org/10.1371/journal.pone.0315941 |
| spellingShingle | Zhu Mei Jingjing Zhang QiaoMei Zhou The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach. PLoS ONE |
| title | The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach. |
| title_full | The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach. |
| title_fullStr | The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach. |
| title_full_unstemmed | The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach. |
| title_short | The role of government in helping SMEs to access finance: An evolutionary game modeling and simulation approach. |
| title_sort | role of government in helping smes to access finance an evolutionary game modeling and simulation approach |
| url | https://doi.org/10.1371/journal.pone.0315941 |
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