The Empirical Research On The Factors Of Financing Activities Effects Of The Start-up Enterprises Board

The establishment of the enterprise,the survival and development cannot leave the support of funds,funds as the first impetus and sustained impetus of enterprise economic activity,plays an important role to the enterprise.Therefore,the enterprise financing for the establishment of the enterprise,the survival and development is an integral part of an economic activity.For business at the same time,compared with large scale and well-developed enterprises,because most start-ups are in the early growth of new enterprises,new financing will be more difficult.Due to the financing for the importance of enterprise development,the forefront of contemporary economics is an important theoretical problem is how to solve the financing problems of enterprise,enterprise financing has become a modern enterprise management an important subject.Compared with foreign venture,financing problem in China is still a new task.By domestic scholars study found that due to the special economic system in our country,our country business enterprise in financing mainly face the following restriction:companies in the equity capital financing and debt capital financing there exists a big gap;Enterprise external environment is bad,mainly including ownership discrimination,social credit collapse and imperfect corporate governance structure.Compared with foreign,China's entrepreneurial enterprises face greater difficulties in financing.With the emergence of the gem market in China,has brought new hope for entrepreneurial enterprises to raise funds,the emergence of the gem for start-up financing provides a wider space and platform.In China on October 30,2009 that was officially established in shenzhen gem,the first batch of 28 companies have listed,after just a few short years of development,as of December 31,2014,the total number of gem listed company has more than 400.Compared with the main board and small&medium-sized panels,the gem has its own characteristic,mainly displays in this aspects: the gem and positioning is obviously different from the main board and small and medium-sized plate of the gem pay more attention to "high-tech,high-growth" and "new economy,new services,new agriculture,new materials,new energy and new business model",at the same time in terms of scale,the gem listed company's size is less than the main board and small&medium-sized enterprises.This paper mainly studies the influence factors of entrepreneurial the community financing behavior in our country,therefore in this paper,the gem as the research object,the gem to study the financing behavior of listed companies,purpose is to explore the influence factors of influence gem corporate financing behavior.This paper argues that enterprise financing behavior mainly refers to the specific way of financing,including internal financing,debt financing and equity financing,from the enterprise,the nature of the industry,scale,profitability,growth,capital structure,shareholders' interests and corporate dividend payments which consider the factors affecting the endogenous financing,debt financing and equity financing of the enterprise,through to the data of gem companies as the research object,by using descriptive statistics,correlation analysis and regression analysis,the empirical method,using SPSS statistical analysis software,the influence factors of the gem financing behavior of listed companies of our country has carried on the empirical research.The results show that the scale of the enterprise,the nature of the industry,profitability,growth and enterprise of dividend payments to start-up financing behavior effect is remarkable.