Chinese Private Scientific And Technological Enterprises In The Life Cycle Financing Strategy

In recent years, Chinese private economy has developed significantly in the national economy is playing an increasingly important role, which is more private technology enterprises occupy an irreplaceable role. But because private technology enterprises financing difficulties led to tension funds, corporate sustainable development capability weak, unable to gain advantage in competition. Enterprise is the sustainable development of the life cycle along a certain trajectory operations, and the corporate life cycle in different stages of development risks faced by connotation and strength characteristics of a greater difference. Therefore, this paper through research enterprise life cycle theory, analysis of enterprises at different stages of the life cycle risk characteristics, determine the financing of enterprises strategy, the enterprise has strong financial management purposes, with a view to finding technology to ease Chinese private enterprises because of financing difficulties lead enterprise development to the difficulties.This article is divided into five chapters, the first chapter mainly on the enterprise life cycle theory. By reference to Chinese and foreign scholars on the life cycle of enterprise theoretical study, the authors used a researcher at the division Chen Jiagui enterprise life cycle methodology will be divided into incubation period, and survival time, growing, maturing, a period of recession and the period of changes six stages, and the various stages of the life cycle characteristics were analyzed financing. Chapter II major enterprises under various stages of the life cycle analysis of the characteristics of Chinese private scientific and technological enterprises financing the status quo. Chapter III View private science and technology enterprises in China affected the life cycle stages of the internal and external causes of financing from their own perspective View reasons, the financing system of Chinese existing problems were analyzed. Chapter IV view of the existence of private scientific and technological enterprises financed by the issue of private science and technology enterprises in China strategy for improving the financing measures that mainly from the elaboration of the life cycle of financing strategies, establish and perfect an internal management system and improve our financial system in three areas to address. Chapter V of private science and technology enterprises through Shenwei Pharmaceutical company's growth in the financing situation of private science and technology enterprises find different life-cycle stages of the best financing strategies, from the cases of the financing difficulties faced by summing up the financing of private science and technology enterprises Inspiration.The innovation of this paper is to propose corporate finance strategy should combine the various stages of its life cycle development of different characteristics, but also according to their own characteristics, to achieve the financing costs to smaller enterprises successfully obtain financing capital purposes.