Research On Financing Difficulties And Countermeasures Of Small Micro Enterprise In The Corps

Corps of micro, small and medium enterprises accounted for more than 99% of the total number of Corps enterprises, absorbing labor force accounted for more than 80%. Medium, small and micro enterprises play an irreplaceable role in promoting employment, raise incomes of workers, in order to meet market demand, to ensure social stability. However, small and micro enterprise’s survival and development has been facing many problems and difficulties, and its financing is the major bottleneck restricting the development of small and micro enterprises. Corps in the pattern of economic development, solve enterprises, especially small and micro enterprise financing the high cost, for steady growth, promoting the reform, restructuring, livelihood is of great significance.Paper from two aspects of theory and empirical study of small micro enterprise financing difficulties. Mainly based on the MM theory of capital structure, financing order theory as the theoretical basis, deeply analyzes the corps of small micro enterprise management status, financing problems and the causes and influencing factors.First of all, introduced the thesis research background, research purpose and significance, research status at home and abroad are reviewed, in defining clear small micro enterprise on the basis of the research scope, strengthen paper studies support the theory.Second, the research and analysis of the current situation of Small and micro enterprise financing questionnaire. Papers from small and micro enterprises basic situation, the operating conditions, financing stage characteristics of the questionnaire were analyzed. Small and micro enterprises present common "young", and the overall size is small, the non-public enterprises accounted for nearly ninety percent, mainly manages the traditional industry, capital chain tension, overall smooth operation normal, overall sales flat a slight increase in profit growth characteristics such as space is limited, reflects the small micro enterprise financing gap is the problem to be solved. On this basis, for small and micro enterprises financing problems and their causes were analyzed. Corps of small micro-enterprise financing difficulties manifested in "financial difficulties", "financing expensive", "financial risk" three aspects, investigate its reason, mainly in big business for risk, poor management, financial chaos, lack of collateral, money supply of credit resource allocation imbalance, lack of financial institutions services for small and micro enterprises, guarantee mechanism is not fully take into account the small and micro enterprises, the third party government support for small micro enterprise insufficient, multi- level security market imperfections, secured financing service platform unsound.Again, using structural equation model analysis the influencing factors of small and micro enterprise financing difficulties. The analysis results show that the external financing environment, financing capability exists between the degree of difficulty with the financing of enterprises negative effects, but the external f inancing environment has played a greater role in eas ing corporate financing difficulties, micro and small enterprises financing ability is relatively weaker; there is a positive effect between the external environment and financial intermediation financing capacity; factors affecting small and micro enterprises financing capacity in order to satisfy the conditions of the extent of third-party guarantee, mortgage assets to satisfy the conditions of the degree of risk resilience, credibility, information disclosur e and the true extent of the disclosure of information; factors affecting the financing of small and micro enterprises in the external environment were financing environment, financial institutions to support and financing channels.Then, papers on the experience of small micro enterprise financing at home and abroad was investigated and using for reference. Finally, in view of the full text analys is of the proposed the crack corps small micro enterprise financing predicament of several policy suggestions.