我国中小企业集合债券融资问题研究.docVIP

题目我国中小企业集合债券融资问题研究 我国中小企业集合债券融资问题研究 摘 要 中小企业集合债券融资是一种新型的企业债券融资方式,即经过领队带领，由许多公司组合到一起形成的大团体充当新发可转换债券的主体,发行债券的公司自己来判断债券要发行数目的大小并且分别进行发债,对于发行的债券要采取联合命名,联合收付款，用公司债券的办法发放给投入资本的人,并同意到规定时间支付利息。这类“集体发行债券”的活动,不但处理了中小企业在集资的过程中存在较低的资信评级、较高的集资费用等弊端,并且还帮助处理了很长时间以来众多中小企业用短时间按揭来满足持久资金使用的问题，减少了集资费用,从而拓宽了中小企业融资的渠道。本文运用相关的金融理论,通过对目前中小企业集合债券的现状以及信用担保方式进行剖析,指出了中小企业在债券融资中存在的成本偏高,担保增信机制不完善,以及对想要进行发债的中小企业通行门槛过太高等诸多问题。同时从这几个方面提出一系列的完善建议和改进措施,从而推进了我国中小企业集合债券融资的开展。 关键词：集合债券；信用增级；中小企业；融资现状 ABSTRACT Small and medium sized enterprises assemble bond financing is a new financing mode of corporate bonds, namely after the manager led, by many companies combine together to form large groups act as the main new convertible bonds, bonds issued by the companys own judgment to issue bond number and size were bonds, bonds issued for the taking combined nomenclature, joint payment, by way of corporate bonds issued to the capital, and agreed to the specified time to pay interest. This kind of collective bonds activities, not only to deal with the small and medium sized enterprises have lower credit rating in the process of funds in the higher cost of capital, etc, and also help Help for a very long time since many small and medium enterprises in a short time to meet the mortgage lasting use of funds, reduce the cost of capital, so as to broaden the financing channels of small and medium-sized enterprises. This paper uses the relevant financial theory, based on the current SME collective bonds of the present and the way of credit guarantee analysis, pointed out the existing in in the small and medium-sized enterprise bond financing cost is high, guarantee credit mechanism is not perfect, as well as small and medium-sized enterprises to issue bonds to want to pass the threshold too high. At the same time from the several aspects put forward a series of suggestions and measures to promote our country small and medi