The Financial Policy Research Of Liaoning Smes Based On Risk Aversion

How to use the financial policy effectively to support the development of local small and medium-sized enterprises, which has become Liaoning provincial government, should face the important realistic topic. In order to promote the development of small and medium-sized enterprises in the province, revitalize the old industrial base in Liaoning, Liaoning Province introduced a package of financial planning for small and medium-sized enterprises development, provided a number of financial incentives, but the effect is not very satisfactory. The overall risk of the development of small and medium-sized enterprises and the risk of short-board were not well avoided; there are still some gaps from the fiscal policies supporting small and medium-sized enterprises in Zhejiang Province.To solve the above problem, facing the new environment, it is required to start further research in the development of small and medium-sized enterprises in Liaoning Province and fiscal policy support issues.First of all, using inductive analysis and the actual survey documents, this pointed out the facing risks of the short board of small and medium-sized enterprises in Liaoning province. Secondly, using of the econometric models, made a quantitative analysis in the benefits of expenditure scale and structure to small and medium-sized enterprises in Liaoning province, and the comparative research methods was used to point out that there are still some gaps from the fiscal policies supporting small and medium-sized enterprises in Zhejiang Province. Finally, Standing on the customer's perspective, using the idea of risk aversion, proposed that the Liaoning provincial government should improve the small and medium-sized enterprises policies and the supporting fiscal policies, and take advantage of the policy effectively to avoid the facing risk of short boards about the development of small and medium-sized enterprises in the province. So it could be achieving the coordinate development between the small and medium-sized enterprises in Liaoning Province and the revitalization of old industrial base in.Through the research, the subject obtained the following results:(1)The paper has established evaluation model of financial support for small and medium-sized enterprises of Liaoning Province. Through quantitative analysis, pointed out that the finance credit guarantee has the greatest contribution for small and medium-sized enterprises'GDP, and followed by the tax incentives, financial subsidies has the less obvious role in the development of small and medium-sized enterprises.(2)The paper has analyzed risk circumvention mechanism which the financial policy aims at the small and medium-sized enterprise. Through studying function mechanism which financial policy aim at the small and medium-sized enterprise, and proposing risk circumvention mechanism which the financial policy aim at the small and medium-sized enterprise in the circumvention's principle foundation.(3)The paper proposed that the government should consummate financial policy of small and medium-sized enterprise in Liaoning province. From the customer angle, using the thought the risk circumvention, and proposing the Liaoning provincial government should consummate the financial policy and the related policy small and medium-sized enterprise, then to evade effectively the short board risk, which the small and medium-sized enterprise facing by using policy.