The Financing Demand And Influence Factors Of Credit Constraint Of Forestry Small And Medium Sized Enterprises

As an important part of forestry production, forestry enterprises play important roles in the production of forestry. However, it is very difficult to get money for the small and medium enterprises from the outside world. This is because the particularity of forestry production, including long production cycle, easy to suffer from natural disasters, as well as some other uncertain factors. What is the reason for the financing difficulties of small and medium enterprises? In this paper, we focus on the following three problems:What is the general situation and channel of financing for small and medium forestry enterprises? What are the characteristics of small and medium forestry enterprises credit demand? What are the main reasons for the small and medium enterprises facing the credit constraints?Based on the survey data of 87 small and medium enterprises, the overall situation of financing demand of forestry enterprises was analyzed. From the scale, duration, use, cost and other aspects, the characteristics of the credit demand of forestry enterprises are analyzed. Through the description of the present situation of forestry enterprise credit, the situation of forestry enterprise credit constraint is obtained, and the possible influencing factors of the credit constraint are summarized. By using Logistic regression model, the empirical analysis of the influence factors of forestry enterprise credit, the conclusion is drawn.The results of the study are as follows:First, the shortage of funds for small and medium-sized forestry enterprises is serious. The loan from bank is still the main sources of funds for small and medium enterprises in forestry. Second, large capital needs and long-term funding needs of small and medium forestry enterprises are limited. Banks or credit cooperatives to provide the loan amount is small, and the duration is short. The demand can be not met. Third, credit constraints exist in small and medium enterprises, the credit constraint rate is 71.26%. Fourth, credit constraints are related to the following factors:management experience of enterprise managers, enterprise asset scale, the profitability of the business, collateral liquidity, forest insurance, the relationship between banks and enterprises.Finally, to solve the forestry of small and medium enterprises credit constraint and financing problems, some suggestions are put forward from the following aspects:forestry management to improve the enterprise management level, to expand the scale of forestry enterprise assets, improving the profitability of forestry enterprises, strengthen the relationship between forestry enterprises and financial institutions, establish and improve the forestry industry supporting policy recommendations, Establishing and improving the supporting policies of forestry industry.