Private Enterprises Financing Constraints In Heilongjiang Province And Its Influence On Capital Structure Research

As one of corporation forms, private enterprises, which have been blocking byfinancing constraint during their growth, have significant function in promotingeconomy construction of Heilongjiang province. The private enterprises of Heilongjiangprovince have been founded lately, and the history of marketing is shorter than privateenterprises of other provinces. So theoretical circle don’t have enough study on thematters of private enterprises’ financing of Heilongjiang province, thus they don’t forma general model of private enterprises’ financing. Up to now, the series matters offinancing have not been settled out by private enterprises of Heilongjiang province: first,the financial capability is limited by the scale of private enterprises of Heilongjiangprovince; second, the private enterprises are suffered discrimination from commercialbanks; last, the private enterprises of Heilongjiang province can’t rationalize thebehaviors of financing because of they don’t have scientific conception of financialmanagement.This paper analyzes the cause of financing constraint of private enterprises ofHeilongjiang province, and discusses the effects on capital structure, then searches waysto set up logical capital structure and maximize the value of private enterprises.