EmpiricalResearchontheEffectsofSocialCapital-DOI.PDFVIP

Advances in Social Sciences 社会科学前沿, 2015, 4(4), 345-354 Published Online December 2015 in Hans. /journal/ass /10.12677/ass.2015.44050 Empirical Research on the Effects of Social Capital Ease SMEs Financing Constraints Mingdong Zhou Suqian Central Sub-Branch of the People’s Bank of China, Suqian Jiangsu th th st Received: Dec. 11 , 2015; accepted: Dec. 27 , 2015; published: Dec. 31 , 2015 Copyright © 2015 by author and Hans Publishers Inc. This work is licensed under the Creative Commons Attribution International License (CC BY). /licenses/by/4.0/ Abstract The issue of SMEs’ financing becomes more prominent under the period of economic downturn. This paper studies the path to ease financing constraints of SMEs from the perspective of social capital. In this article the social capital is summarized as various resources supporting the financ- ing and development of a corporation, which can be further divided into organizational social cap- ital and personal social capital, and the survey data is used to conduct empirical research. Re- search shows that the sustainable development of SMEs is weak and can not meet the financing needs of the formal financial; organic combination of organizational social capital and personal social capital of the companies will help to improve SME financing. Currently we should focus on cultivating awareness of SME financing, accumulation Network relationship, broadening informa- tion exchange platform, and opening up SMEs exogenous and diversified financing channels. Keywords SME, Organizational Social Capital, Personal Social Capital, Financing Constraints 社会资本缓解中小企业融资约束的实证研究 周明栋