Technology Based SME’ S Finance Restraint Analysis And Policy Research

SME plays an irreplaceable role in the economic and social development, Technology based SME plays the role of pull in the science and technology progress and economic development. But financing constraints is one of significant factors that restrict the development of technology based SME, and also the focus of academic research realm. Therefore, solving technology based SME’s financing constraint problem is of great theoretical and realistic significance.Based on the small and medium-sized enterprise development theory enterprise life cycle theory, the theory of public goods and the government regulation economics, and so as the theoretical basis, the dissertation use the survey data of Tianjin technology based SME for empirical research and theoretical analysis, analyzed the cause of technology based SME’s financing constraints, and emphasis on put forward the measures from the government and guarantee.At first, the dissertation abstract the characteristics of SME and technology based SME, then the dissertation summarizes the economic characteristics and financing characteristics of technology based SME. Based on the survey of technology based SME’s development situation and the financing situation in Tianjin, through the empirical analysis, research in different life cycle of technology based sme financing structure characteristics, and the impact of technology based sme financing structure influencing factors and based on the analysis of the investigation data, the small and medium-sized enterprise financing the reality of the situation, the small and medium-sized enterprise financing difficult realistic manifestation and the cause of formation, and provide data support for the theoretical analysisBased on the theoretical and empirical research, the dissertation analysis the micro and macro influence factors the financing of small and medium enterprises difficult are, from the system point of view. especially using the microeconomics and system point of view, the establishment of a analysis of the small and medium-sized enterprise financing constraints three levels system analysis model, the fact from the capital supply and demand market structure and the government behavior and the external environment and so on three levels, the financing of small and medium enterprises respectively analysis the cause of the constraints, and focus on the government and guarantee effect are analyzed through the above analysis framework, from theory to find out the main problem of financing constraints technology based SME current faced.Aiming at the main problem of financing constraints technology based SME current faced, the dissertation combined with tianjin reality, put forward technology based SME’s financing combinations in different life stage. The dissertation relies on institutional economics point of view, puts forward the government departments in the small and medium-sized enterprise financing system should play a role and measures taken for the full affirmation of SME credit guarantee financing difficulties in solving the important role, suggest the government continue to play in the construction of guarantee system with the lead role in driving the cluster theory, suggest the government department, build the park and building and other related enterprise cluster, and solve the financing difficult problem with cluster financing way.