Research On SMEs Financing Risk Controlling Mechanism

SMEs in China due to the discriminatory nature of the size and ownership restrictions in the credit markets is difficult to obtain funds, obtain qualifications bond issue, IPO restricted conditions, the stock market has a very high threshold has long been dependent on internal financing raised by way of facing severe shortage of funds, a lot of non-bank funds also increased the risk of the entire financial market. SME financing risk control mechanism is not perfect SME financing has been plagued a major problem. Unsound financing risk control mechanisms will inevitably increase the risk of SME financing, thereby increasing the difficulty of financing for SMEs. This article is from the theoretical and empirical levels demonstrates how the financing risk control mechanisms to prevent and resolve SME SME financing risks. First, from the analysis of the principal-agent theory, the relationship between finance theory and corporate growth cycle, credit rationing, asymmetric information theory, the theory of multiple interrelated and mutually complementary, together reveals SME financing risk control mechanisms established theoretical basis; secondly, in this paper, an analysis of SME financing by analyzing the types and causes of risk exists, describe the current status of corporate finance risk control mechanisms of existing SMEs, and the problems of the existing mechanisms. Currently in China, one of the systems approach for SMEs to solve their difficulties in financing by strengthening its management is to establish a comprehensive system to improve the way the financing risk control mechanism, to ease the financial difficulties of SMEs, financing high risk status; Finally, select the Shanghai and Shenzhen SME board50listed companies as research subjects, Of the total financing, corporate and asset-liability ratio of gross margin reflects the level of borrowing costs for SMEs, availability, specific indicators of credit risk empirical studies using EVIEWS software risk control mechanisms for financing small and medium enterprises to bring SME financing advantage to prove, on the research method selected financing risks listed SMEs in China as the research object, read a lot of literature, from SME financing risks by analyzing risk types, causes, learn from the experience, the theoretical analysis of qualitative and quantitative analysis of the combination, the use of quantitative and qualitative analysis, dialectical analysis, empirical analysis, econometric analysis methods include both qualitative analysis and risk control of SME debt financing risk control quantitative analysis related indicators. End of the article further elaborated under the macroeconomic situation of the bank on the status of SME financing risk control mechanisms, risk control mechanisms for financing SMEs propose appropriate policy advice...