Research On Financing Problems In Minor Enterprises Of China

Merits or demerits of an enterprise do not depend on its size. Provided that the scale of enterprise can embody the technical features of industry; can accord the status of its market share; can perform a sufficient function in the system of specialized division and collaboration in society, no matter what size the enterprise is, it is rational. Otherwise it is irrational. Economy scale is not equal to benefit of scale. Benefit of scale can be acquired by not only sizeable enterprise but also minor enterprise. Minor enterprise's benefit of scale derives itself not only from the internal economy brought by moderation in scale; from the organizational innovation and technical innovation but also from the external economy brought by congregating of numerous minor enterprises. Specialized division and collaboration exists in both inside and outside of enterprise. The widely use of modern information technology and network technique provides the specialized division and collaboration system between enterprises with the fully realistic condition. The development of specialized division and collaboration system between enterprises surely demands all types of enterprises梠n a large scale, middle scale, or small scale to coexist and to develop in phase, and bring out the best in each other. Minor enterprise is an organic part of national economy. Its special function and effect in national economy could not be replaced by sizeable enterprise.At the present time, financing difficulty has become an extreme bottleneck limiting the survivorship and expansion of minor enterprise. Financing difficulty happened, firstly because there are many problems such as vague property right, unsound internal management system, low-level credit in most of the minor enterprises; secondly because incompleteness still exists in financial authority system, credit surety market, money market and capitalmarket, financial policy, and fiscal policy.We suggest that financing difficulty mentioned above would be solved launching on from three aspects-to improve minor enterprise's external environment of financing; to advance minor enterprise's diathesis; and to enforce the strategic union, according to the special situation of our nation, by fully using the experience of developed country for reference. Improving minor enterprise's external environment of financing includes improving the financing law environment of minor enterprise; implementing financial authority system; establishing and perfecting capital sustaining system of government; bettering credit surety market, money market and capital market. Advancing diathesis of minor enterprise includes implementing the minor enterprise's internal management system especially the financing management system; enhancing minor enterprise's managing level and credit level. Enforcing the strategic union means changing the poor status in market competition relying on the power of masses by the way of virtual enterprise and virtual management.