Empirical Research Of Influencing Factors Of Growth Of Small And Medium Enterprises

It is increasingly important that Small and Medium Enterprises' Status and significance in the development of the national economy.With the Chinese economy steps into a new normal state,the characteristics of SMEs such as small-scale,rapid decision-making and flexible management make it plays a decisive role in maintaining stable economic growth,promote employment,optimizing the economic structure.Meanwhile,there are still some problems along with the overall development of SMEs.In recent years,not only many scholars are keening to researching on the growth of SMEs continually,but also the government is increasing the concern and support to the development of SMEs.It's aim to create a supportive environment for the development of SMEs and promote the growth of SMEs.So that it can play a positive role in economic development.First,this paper reviews the concepts?theories of growth of SMEs and describes the current situation of SMEs' development.It takes 375 small and medium enterprises as the research object in henan province,then summarizes and build an index system that influences SMEs' growth based on previous studies.It analyzes the factors that influence SMEs' growth from three levels,namely the internal dimension of corporate,social relations and external environment.Second,by means of factor analysis,it extracts nine major factors.They are the legal and policy environment,financing environment,financial capability,competitive conditions,customer relations,innovation,human resources,economic market environment,marketing capability.And then,we use the regression analysis to conduct the regression analysis from all influence factors on three levels to main business' s increasing rate of income and average growth ratio of profit in three years,we can come toa conclusion that the influence of various factors on the growth of SMEs.Finally,according to the research conclusions,some recommendations are given to promote the growth of SMEs,Including strengthen internal management to improve themselves ability,build a favorable social relationship to promote the development of enterprises,improve the external factors to create a supportive environment for the development,and so on.That we hope to be able to give some support to the development of SMEs.The last but not least,Combining with the shortage of the research,We make a outlook for the follow-up study and the development of small and medium enterprises.