| The small and medium enterprises(SMEs) are playing increasingly important role in promoting economic development and employment rate. However, it has been a difficulty in financing of SMEs and has not effectively resolved, in which many Chinese scholars have carried out an extensive study and achieved a wealth of theoretical results from different points of views. But in reality, banks usually evaluate the credit of SMEs based on financial indicators, which will reject the financing application of a large number of SMEs. Banks consider that the main reasons for SMEs financing difficulties attributed to the small size of capital, unstandardized management, low level of technology and low rank of credit. However, the practice of SMEs credit guarantee industry has shown that most of its clients are "bad credit" thinked by banks and lack of mortgage, but the default probability of which are low or even lower than those "good credif" thinked by banks in recent years.The main purpose of this research is the SMEs financing problems, this paper analyzes the financing behavior and enterprise features of social capital on enterprises expand financing behavior. This research is under the means of social capital theory, enterprises financing theory and the theory of different disciplines to credit rating, mainly discussing the characteristics of social capital in the small and medium-sized enterprises, and analyzing the influence of social capital on credit financing.In order to achieve the objectives, we use qualitative and quantitative, combining theory with practice, the empirical analysis and correlation analysis method. Firstly, through literature retrieval, reading and understanding, this thesis studies both at home and abroad and the enterprise social capital and credit evaluation, credit financing put the research situation, the paper studies the formation and empirical methods. Secondly, through questionnaire survey, design, testing samples of social capital scale involves the preliminary analysis, on the basis of the investigation of the small and medium-sized enterprises to scale, personnel, age and the owners all relevant data, so as to further the single factor analysis of variance. Finally, we use the single factor analysis of variance influence on all aspects of social capital on quantitative statistics, the conclusion.The data selection from Inner Mongolia and Huhhot, including parts of small and medium-sized enterprises, banking financial institutions. The questionnaire issued by customer manager door-to-door investigation and other possible channels to the loan business. Measurement analysis tool is mainly use of Excel software, descriptive statistics analysis (frequency and basic statistics); etc. SPSS 16.0 analyzes the data correlation and classification of single factor variance.The arrangement of the article is as follows:The first chapter is mainly the introduction of international and domestic situations and expounds the background and significance of the main concepts such as the definition of small and medium-sized enterprises, and the connotation of social capital, putting forward the ideas and technologies that may exist the roadmap of innovation and deficiencies.The second chapter basically is to the related literature at home and abroad about the SMEs financing system, social capital and credit financing and related policy system from three aspects. It summarizes the research achievements of the existing study founding an important theoretical and empirical research method, which is the defect of this research.The third chapter in literature review, on the basis of social capital in utilizing foreign financial institutions, government to promote the practice of SMEs financing and policy. From the launch of the standard chartered bank for small and medium-sized enterprise financial business, including the Citibank and the Netherlands bank from the mode of financing business world, which makes us realize that perfection of banking system is good to promote social financing SMEs financing and, in particular, to promote the basic objective conditions. Combined with various countries in the SMEs financing aspects of related policies and guidelines for the implementation of the policy effect, can find the theoretical background of supporting the market and the government made combination of financing, compared to pure market-based government-oriented and macro financing mode are at higher efficiency and lower risk. Of course, the enterprise is a factor of social capital on social capital is the core and foundation of extended. Therefore, we will present financial crisis in the middle, especially the United States, Japan, Germany, Britain's SMEs financing mode, which described in various financing mode into enterprises should pay attention to the choice, find suitable development needs and low cost of financing mode.In the fourth chapter it is under the perspective of social capital on domestic SMEs' financing situation and restriction factors. Here, we first need to small and medium-sized enterprises in China's social capital structure and functions do preliminary understanding. Generally speaking, is the enterprise core, we present the financing for small and medium-sized enterprises from the viewpoint of enterprise status analysis. Found in a long time, Chinese SMEs financing, financing gap exists, its capital financing, financing costs, and then the higher the typical features from the perspective of financial institutions, the existing problems in the enterprise itself mainly because of financing structure arrangement and external financing channels and bank credit availability aspects and bias. Here, we will with financial institutions related relation network, and government policy related to the social resources and its organizational structure as three different levels, and the system of social resources ability from three aspects, the corresponding social capital from the perspective of the SMEs financing situation and the reasons, and to provide an empirical analysis of the policy Suggestions and ideas.The fifth chapter is the social capital under the perspective of SMEs' financing modes. Here we first to SMEs financing mode of economic development in different periods and different enterprises in the life cycle of internal and external environment, expounds the formation of small and medium-sized enterprises in China to explore and develop financing mode of experience and reference. Next, according to the country's recent policies on fostering small and medium-sized enterprises and small and medium-sized enterprises in China and overseas financing mode, namely the advantages compared with the combination of the market economy in our country macroscopically finance mode of the importance of the phase transition. Finally, the fuzzy evaluation method in literatures, and on the basis of the quantitative comparison equity financing mode, folk financing mode and mortgage guarantee financing mode, and membership from policy coordination, risk control, the cost of the Angle of mortgage-backed financing mode, makes a deep analysis on the current situation, should be preferred choice mortgage guarantee for SMEs financing.The sixth chapter is outlined in the above theory and empirical analysis, based on the social capital and cracked SMEs financing strategy, the problem from the financial market and government policy and the enterprise itself on three aspects respectively. One financial institutions and financial markets, mainly in product innovation and management etc, to financial institutions and financial market and the development level of small and medium-sized enterprises directly influence the composition of social capital, and contact number of Banks relative factors, such as strength. The government policies and foster angle, the most important is to improve the environment and SMEs financing of enterprise, the two aspects of preferential two aspects of small and medium-sized enterprises will directly influence the composition of social resources, social capital and related factors. The enterprise itself in the future, need of enterprise production and management continuously optimize management system, speed up the industrial adjustment, establish honesty and actively seeking a new financing. These aspects will directly affect the enterprise social capital of small and medium-sized enterprises in relation to the characteristics of social capital.Chapter 7 is the empirical analysis method, the selection of Inner Mongolia autonomous region of Hohhot as sample, and enterprise features, social capital on the financing behavior analysis. Time is the first investigation began in early August 2008, please fill in the questionnaire, the relevant business owners found widespread questionnaire fill in for a long time, the problem is academic phrase. To solve these problems, the author made some revision. Finally, we receive 327 valid questionnaires. According to the existing literature, investigation and research to develop a suitable for SMEs financing behavior of social capital scale. For financing channels, enterprise basic objective data, according to the literatures and research results.Research proves that the concept of social capital has the different types of planes, and different types of social capital, with different types of social capital in the impact may present significant difference, if thoughtlessness analysis is sometimes biased. In the study, the financing behavior of previous literature most emphasis in our country commercial bank loan qualification assessment based on hard information only two judge, this paper found that not only social capital on enterprises' financing behavior, and has important influence on the different types of enterprise social capital and social capital of its different levels of enterprise financing behavior produce different effect. We need to distinguish the normal social capital, the enterprise informal social capital and social capital of the scale, the political strength and quality of different financing respectively.Based on the existing financing behavior on the basis of the theory of literature, using the theory of social capital financing behavior research extends to social network environment, to construct a examined enterprise social capital and financing activities, and the relationship between the theoretical framework of local data using the empirical test, may be the innovation as follows:Firstly, the theoretical contributions. From the social capital theory, transaction cost theory, resource-dependence theory, information asymmetry theory, theory of multiple perspective, in previous literature, and on the basis of constructing the social capital and sme financing behavior of the relationship, trying to explain the factors of different types of social capital and sme financing behavior of government, enterprises financing channels of financing activities included within the scope of the existing literature research conducted. According to the survey results, the effects of various factors on the correlation analysis, find them and enterprise financing behavior, and the relationship between the strength of the preliminary division, help expand enterprise financing theory research scope.Secondly, the empirical research contribution. According to the experimental economics and sociology, accounting, the relevant theory of scholars in China, on the basis of a set of perfect Chinese context within an area of research enterprise financing problems by measuring method of social capital. Due to the different research purpose, with a different social capital classification method and measure for different levels of social capital characteristics and strength. Of course, the measurement method of social capital is a new research field, the continuous development of the domestic and foreign literature on the social capital and rarely SMEs'credit can obtain sex. Therefore, to a great extent, according to research the financing behavior of small and medium-sized enterprise social capital of the classification system and scale, this research in this aspect has carried on the beneficial attempt.Thirdly, the contribution in data. Because of the social capital and the financing behavior of the confidential information are belong to enterprise, especially small and medium-sized enterprises, especially hard to obtain the data, data availability of constrained to limit, many domestic financing behavior of theoretical research using large enterprise or private listed companies in the basic data to a certain extent, it can reflect the true SMEs financing difficulty in forming correct, the reasonable suggestion to improve the SMEs financing and conclusion. Therefore, this paper uses the Inner Mongolia autonomous region and the questionnaire survey data in Hohhot, empirical studies in the SMEs financing of social capital is an intentional study can be explored.The main shortcomings are:Firstly, the sample. The institute of limited data acquisition, and survey for a limited provinces one area of small and medium-sized enterprises, and may not fully and accurately reflect the small and medium-sized enterprises in China to the financing behavior of social capital.Secondiy, the social capital measurement. The elements of social capital is various, not only should include social network, more important is the main network between different degree of trust, sometimes, and it is the trust of reduced the transaction cost. However, because of the subjective cognitive index, trust belongs to this study hard, most direct measurement, some research through the observations of behavior of trusted proxy variable, some direct questions, these actors have their limitations. But for the trust financing behavior, it is more complex problems. The design of the variable and questionnaire, the door is a measure of learning is an art, how to select good index and methods of social capital is a measurement is worth more attention and discusses problems.
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