Financing Of Private Enterprises In China To Study

With the development of private economy, private enterprises occupy an increasing important position in national economy, which can not be replaced by the national corporation for their particular functions. However, financing has been curbing the development of private enterprises, and lack of capitals becomes the most difficult problem for the private enterprises. We can not rely on the experience of western enterprises to solve the problem thoroughly; instead, we need to consider the problem comprehensively from government, bank and enterprises themselves. Thus, this dissertation examines the financing problem of private enterprises and analyzes the reasons leading to the difficulties in private enterprises' financing process, not only relies on the methods of prescriptive analysis and empirical analysis, but also from the perspectives of historical interpretation and logical induction. Moreover, considering the realistic conditions of our country and characteristics of socialist marketing economics, the dissertation tends to give some advices on solving the difficulties in financing process of private enterprises, with reference to western enterprises financing theory selectively.Firstly, this dissertation means to clarify the definition of Private Enterprise, with data and cases to illustrate the importance of private economy in national economy. This part also makes a comment that financing problem is due to the difficulties in scalable management of enterprises.Secondly, the dissertation introduces some conceptions and theories concerning with the enterprise financing problem, such as financing, financing methods and financing structure, etc. Besides, a serious of western financing structure theory has also been incorporated, analyzing the reference of these theories to financing problem of Chinese private enterprises. In this part, the dissertation proposes some opinions on the issue, such as:1. The reason why private enterprises choose different financing structure, is to obtain the best agency cost and the balance of controlling power, thus to improve the supervising structure of enterprises. Financing is not the final goal.2. The best financing order for the private enterprises should be: inner funding— issuing bond—issuing stock— loan from the bank.Thirdly, using the approach of asymmetrical information analysis, the dissertation analyzes, from the perspective of economics, the causes of the difficulties...