我国中小企业融资问题实证的研究.pdf

这类因素主要来源于其他学者对于中小企业融资问题的研究，这些因素用来发现 中小企业融资决策的内在规律，并比较这些规律与一般经典融资理论的区别。并 进而发现中小企业融资中存在的问题。通过对实证结果的分析，得到了影响申小 企业融资能力的主要因素，并通过这些因素的确定分析当前中小企业融资问题产 生的原因，作为实证研究的结论。影响中小企业内源融资能力的因素为企业的盈 利能力、企业的抗风险能力、企业的内部积累能力；影响企业外源融资的主要因 素包括企业的规模、企业的抵押资产价值、企业的竞争能力和银企关系。最后本 文根据实证研究的结论，从企业自身、政府相关政策和创新融资方式等三个层次 提出了相关的政策建议，并特别在创新融资方式这一点详细的分析了融资租赁对 我国中小企业融资问题的缓解作用，提出了相关促进我国中小企业利用融资租赁 的相关建议。 本文通过实证的方式研究了中小企业融资问题产生的原因，发现了中小企业 融资的一些一般性的规律，为解决中小企业融资难的问题打下了坚实的基础。 关键词： 中小企业融资影响因素融资能力 Emp i r i ca I Study of Ch i nese SMEs F i nanc i ng Abstract SlVIEs are hold a more and more important position in Chinese economics，and other countries in the world prevalent pay more attention to the SMEs．By this procedure，the finance difficulty faced by SMES attracts the attention of the world． SMES in China faced the same situation as other countries．Main reason 1ies in the information asymmetry；the manifestation is imbalance in the structure of corporate finance：the structure of intemal and financing imbalance， fmancing channels limited．The mainly fmancing problem of SMEs in Our country currently is lack of internal financing channels，lack of direct financing channel seriously and depends on bank credit．However,because of information asymmetries and the economic structure of our country-specific factors resulting in the financing of SMEs in Our country to be discriminated against．The reason of SMEs financing problem is not simply．It contains SMEs’features，prevalent policy and structure of economics． The financing problem of SMEs is an objective existence，but what is the cause of the problem，how to resolve the problem，is we must faced．We must find the answer from activity of SMEs and the environment of finance． By an empirical study,this thesis makes a clear known of the true situation of financing problem of Chinese SMEs．This thesis want know clear what factors influence the ability of SMEs’financing，and analysis what cause the financing problem of SMEs．The next step this thesis gives some advises to this problem