Case Study Of JXJDL Corporation Bill Financing

At present,small and medium-sized enterprises are facing a big financing dilemma.Facing the problem of direct financing channel is narrow,and indirect financing channel is not unobstructed and imperfect financing system.Not only that,the small and medium-sized enterprises for the use of bill financing this way is not very ideal,most enterprises for corporate bill financing cannot do fine management.Note financing,as a short-term financing method,can also alleviate the urgent problem of financing for some companies.In recent years,the commercial banks are speeding up the development of the bill market,improving the service quality and raising the efficiency of the discount financing of the enterprise bills.The basic construction of the bill market has made steady progress,and the market management rules have become more perfect.This shows that the role of bills in the financial market has become increasingly prominent.If we can combine the life development cycle of enterprises with bills financing,we will be able to better cope with the above corporate financing problems,exploring the innovative mode of financing for Small and medium-sized enterprises in bill service is considerable,and this paper is also carried out research around this goal.Before the research,this paper draws on the research results of enterprise life cycle theory,financing effect evaluation system and bill business innovation at home and abroad.Through comparative analysis,a practical method for enterprise life cycle estimation is proposed,which is called as "Foshan Dickinson enterprise life cycle estimation".At the same time,according to some methods of judging enterprise financing effect,we select the financial judgment index and qualitative factors that are suitable for bill financing.Based on this,the paper makes a detailed analysis of JXJDL's bill financing business from the concrete case.Firstly,the life cycle of JXJDL is judged by Dickinson's method.Secondly,through the summary of the bill financing effectiveness evaluation system to obtain the company's different stages of the life cycle of various financing effectiveness indicators.Finally,according to the financing effect index,the paper further analyzes the experience and deficiency of JXJDL company in different life cycle stage,and provides the example support for the business innovation of enterprise bill financing.Through the case analysis,we can draw the conclusion and the suggestion,namely the Enterprise has the strength and the financing demand is different in the different development stage,then the enterprise needs the different bill financing way to support.On this basis,the paper combines the theory of corporate life cycle with the theory of Bill Financing for the first time,and puts forward the method of two-stage bill financing,that is,small and medium-sized enterprises need to obtain support from commercial banks for bank acceptance of bills of exchange and discount of commercial bills during the critical period of start-up and growth,after the maturity stage,it is necessary to develop commercial acceptance bills and centralized management of Bill Assets and liabilities.This kind of bill financing mode can adapt to most enterprises,and can make enterprises flexibly use the bill according to their life cycle,which provides new ideas for the future bill financing plan of enterprises,alleviate the current financing problems of enterprises.