An Empirical Study Of The Financing Strategy Of Small And Medium-sized High-tech Growth Companies

Technological growing small and medium sized enterprise (SMEs) is strengthening on overall scale and the strength, and becoming the important factors to improve continually sustainable and stable growth of economy. But the weakness on financing has been restricted the development of Technological growing SMEs. How to make g Technological growing SMEs under quicker development and overcome financing paradox is an increasingly issue that should be solved. In recent years, there are lots of research literatures on the study of SMEs financing issue. Existing researches mainly concentrated on the general financing research of SMEs, and the availability and financing conditions,or establishment of Financing System under industrial economics, financial economics theory structure, There is little systemically research on Technological growing SMEs financing problem. Therefore, the special study on Technological growing SMEs financing has theoretical and practical value.Under the financing theory and enterprise growth theory, in this dissertation, by using systemic analysis method, the natures and path of the technological SMEs growth are analyzed. In depend on internal and external reason and widespread financing circumstance in synthesis analysis. Standing on enterprise decision-making angle, It is disclosed that the technological growing SMEs should follow the finance growth cycle theories , and hereby the feat financing strategy is decided throught integrating with the internal and external affecting factors and actual circumstance. At the same time the Technological growing SMEs should enhance its capability of financing and accumulate its financing condition .In the end of this dissertation, with the research of financing case, All the financial theories of financial period variety,affect factor,financing capability,financing principle,financing strategy of the technological growing SMEs is examined under different growing stage .