Research On Financing Mode Selection And Financing Efficiency Evaluation Of Small And Medium Sized Enterprises In China

In recent years, the increasing development of the national economy and the status of small and medium-sized enterprises becomes more and more importan, but difficulties faced by small and medium-sized enterprises of our country in the process of business development has already aroused people’s attention. In particular, it is worth noting that, in the face of the problem of financing is various constraints has become an obstacle to the development of small and medium enterprises. Therefore how to help SMEs solve the desire for money and achieve stable across, especially how to regain the trust of bank credit, to reduce financing costs based on improving the efficiency of financing, is a key topic in the current academic circles must explore.Monetary capital is the key to any industry or enterprise development, is to promote the development of enterprises and even to maintain the survival of the key power, so in the whole process of enterprise financing throughout the. Of course, we are not only involved in the study of financing behavior of the effective use of the funds,but also includes how to achieve the lowest cost and the highest efficiency of foreign funds into the integration. More further said enterprise corporate governance of enterprises can to lower the costs and risks of achieve successful financing plays a crucial role, so this study will take this as starting point, attempts to explore how to promote corporate governance based on improve the external financing environment for SMEs to achieve maximum efficiency of enterprise financing.First, the logic of this study is the first from the current situation of the financing of small and medium-sized enterprises of respectively discusses the difficulties faced by small and medium-sized enterprises and the reasons, subsequently on the basis of the analysis of the present situation of the financing of various financing channels for enterprises to financing risk and the cost of financing effect, further analysis of the financing channels for the role and ways of improving the financing difficulties of small and medium-sized enterprises. Therefore, the focus of this study is how to combine thefinancing efficiency evaluation theory, based on non listed firms in traditional agricultural area small and medium-sized enterprises(SMEs) for the analysis of a sample and in the Tobit empirical analysis based on that how to improve our country small and medium-sized enterprise, especially smaller unlisted SMEs financing environment put forward policy recommendations.Secondly from the point of view of the research content and structure, the in the first and second chapter by literature to the small and medium-sized enterprise financing efficiency analysis, defines the concept of the financing efficiency of small and medium-sized enterprises, and then analyses the financing efficiency evaluation method of general ideas and the core points. In the later part of the article,in the analysis of the current situation of SME financing, the third chapter analyzes the current situation of the financing of small and medium-sized enterprises, and then analyzes its characteristics and existing problems. In the next fourth chapters, combining with previous studies on the premise of the field survey data, the paper comprehensively analyzes the efficiency of the financing methods of small and medium enterprises by using the fuzzy comprehensive evaluation method. In the fifth chapter of the article through the selection of various financial indicators of sample enterprises, the financing of small and medium-sized enterprises technical efficiency using DEA(data envelopment model accounting, pure technical efficiency and scale efficiency value,using MATLAB drawing further analysis of three kinds of efficiency is the frequency distribution, and then on the basis of the research that the pure technical efficiency value Tobit model is established, the empirical research on the impact factors of the financing efficiency of enterprises. The empirical results show that corporate credit availability has obvious improvement effect to improve the financing efficiency of small and medium-sized enterprises of the smaller, and equity financing is not significant.Eventually, by considering the factors affecting financing efficiency of enterprises, this paper studies and, taking into account the relationship between banks and the point of view of improving our country small and medium-sized enterprises, especially non listed SMEs financing efficiency gives some policy suggestions.