Research On The Influential Factors Of Microfinance Companies’ Growth In Guangxi

The microfinance company as a new kind of economic organization, mainly aims to improve urban and rural financial services. It is a new kind of force in financial field.Compared with other financial institution, the microfinance company has flexible operational mechanism and simple formalities for examining and approving loans, which has important effect for the remainder of folk capital collection. The microfinance company can not only improve the efficiency of the folk capital itself, but also activate the folk capital markets and geared to the needs of the rural financial development. It is injecting fresh blood for the urban and rural financial and improving the function of the financial system. Problems related to microfinance company gradually caused the attention of scholars. Experienced the early stage of the development, the microfinance company is in an increased competition now. The good and the bad are intermingled of developing. There is big gap between companies in capital flow, financing capacity, cost and risk control and profitability. Because of that development of some microfinance companies are getting better, but some are unfortunately getting "death". How to improve the efficiency of the microfinance companies and promote their healthy growth, has become the key problem. It is very necessary to study the influence factors in the process of their growth.Based on the correlation between the develop theory of the microfinance company and the actual situation, from the enterprise growth theory and view of the financial system, trying to research on the basis of the common factors that affect the business enterprise growth, we can extract the growth effect factors of the microfinance company through its characteristics. In this paper, we analyze the influencing factors through the perspective of microfinance company internal ability and external environment factors. Acquiring the relevant data of Guangxi microfinance company operation in recent years, using combinations of the theory analysis and empirical analysis, of the quantitative and qualitative analysis, we can analyze the growth influenced factors of the microfinance company through setting panel data model up and can make the following conclusion:External financing ratio are negatively related with small loan companies grow in Guangxi, and the current way of external financing does not improve capital guarantee ability to stimulate the development of microfinance companies in Guangxi; The growth of Guangxi microfinance company exist a phenomenon of economies of scale and asset size is related to it; The improvement of asset utilization plays a significantly positive role in promoting the growth of Guangxi microfinance company; Business cost rate and the size of the loan are negatively related to the growth of microfinance company in Guangxi; Guangxi’s GDP is significantly positive related to the growth of micro-credit company in Guangxi, and enhancing the regional economy is also beneficial to the growth.