The Research On The Financing Risks Of National Medium And Small-size Enterprises

Enterprises are the cells of the society,they are the main components of market Economy,and Medium and small-size enterprises are the most active and Vigorous parts.Medium and small-size enterpises make up a big proportion of the national economy,They have created a great number of employment oportunities and made many technological creations,The culture of Medium and small-size enterprises.the spirit of enterprises,the consciousness of risk taking have become the essence of mordern and basis of the innovation and development of market Economy. There would be no market Economy if there were no Medium and small-size enterprises. Whereas the status of Medium and small-size enterprises does not correspond to their level of financing. Medium and small-size enterprises would be usually restricted by "Capital Gap " considering their capital character and operation merchanism even in developed countries. Furthermore,national Medium and small-size enterprises have confronted with more problems because of imperfect market system and exceptive course of economy transformation,including some discrimination policies. As a result,there are lots of risk factors during de financing operation of national Medium and small-size enterprises,which promotes the following research. This paper aims to seek for theoretic reference and valid practical measures through analysis on the financing mechanism of Medium and small-size enterprises and evaluation on the risk factors which effects enterprises' financing process.The article is made up with five chapters,the first chapter is a brief introduction of Medium and small-size enterprises' financing conditions and related theories.The second part will discuss the important statue and effect of Medium and small-size enterprises in social development,especially make a positive analysis,concluding that the statues of Medium and small-size enterprises does not correspond to their importance which embarrasses the furtherdevelopment of national economy.And the following chapters will seek for the resolution to the financingproblem of Medium and small-size enterprises. In the part,the author exploresthe reason,character and influence of varieties of risk establishing asynthetical evaluation system.In the fourth chapter,a bank-enterprises credit model has been set up toanalyze credit rationing in indirect financing risk,which helps to find propermeasures lessening the information asymmetry and moral risk in credit. Lastlythe author puts forward several suggestions for the controllment of Mediumand small-size enterprises' financing risk.The sticking-point of this paper is to review the dynamic game played betweenbank and Medium and small-size enterprises providing some advice in detailto depress the moral risk and converse choice in the financing process ofMedium and small-size enterprises.