Research On The Financing Mode Of The Nongovernment-Enterprise In Its Various Growth Stages

Non-public sector economy is an important part in our national economy, and the financing mode is the key factor concerning about our economy growth. A reasonable financing structure not only effectively decides the enterprise marketable value but also brings profound influence to the enterprise financing cost, the enterprise property rights distribute and the corporate governing structure. Meanwhile, it also affects the whole national economy growth through capital market. As an economical organization, nongovernment-enterprise has its own lifecycle that takes on some typical growth stages, and each stage has its unique feature. In view of financing, nongovernment-enterprise should choose corresponding financing mode according to diverse financing demands at various stages.Therefore, on the basis of reviewing theories of enterprise financing,enterprise lifecycle and enterprise growth, considering various growth stages of lifecycle, the thesis expatiates the diverse financing mode suited to nongovernment-enterprise in its different growth period. This is an innovative view to resolve nongovernment-enterprise financing problems and accomplish maximizing the erterprise market value in China.