Research on mutual guarantee system of SMEs based on self-organization theory

Mutual guarantee system (MGS) of small and medium enterprises (SMEs)is a complex system mainly serving the SMEs, including mutual guarantee institution formed by SMEs, financial institutions, the industry association and credit re-guarantee institution. From the perspective of system theory this paper illuminated the self-organization mechanisms and the self-organization characteristics of openness, far-from-equilibrium, nonlinearity and fluctuation of mutual guarantee system of SMEs. The implication of self-organization theory is that under some conditions, mutual guarantee system owns internal tendency of autopoietic, self-evolution and evolution from disorder to order, from low level to high level to solve SME´s financing problems in some parts. With the usage of self-organization theory, this paper proposed some suggestions and measures to improve the operation efficiency of mutual guarantee system.