Research On Equity Financing Of Small And Medium Sized Enterprises In The Crowd Innovating Space Platform

The research background of this thesis mainly lies in the fact that a large number of domestic small and medium-sized enterprises, these enterprises in promoting economic growth and improving the production structure, increase employment opportunities and plays a very important role, and has already become new impetus to the growth of the domestic economy. And similar and most countries in the world, domestic small and medium-sized enterprise financing is very scarce, financing difficulty is larger, both equity financing and debt financing, are often can meet or big or small, difficult to achieve effective financing has seriously hindered the small and medium-sized enterprises continue to grow, especially in scientific research and innovation, the required funds can not be effectively guaranteed.Market practice for a long time shows that small and medium-sized enterprises to solve the funding needs of their own development, must make full use of equity financing is relatively abundant funds. Therefore, this paper based on literature analysis method and empirical analysis method, to the masses of a space platform of small and medium-sized enterprises equity financing as the research object, to all a space platform diversified financing model outlined based on the analysis of all a space platform of small and medium-sized enterprises equity financing predicament and the reason. In the public record space platform under the small and medium-sized enterprise financing structure and equity financing affect the empirical analysis, proposed public record space platform of small and medium-sized enterprises equity financing optimization measures, for all a space platform of small and medium-sized enterprises equity financing provide certain reference significance.The main content of this paper is divided into the following six parts: first, introduction,describes the research background and significance, research status, research contents and technical route, research methods and data sources, research and innovation; secondly, the public record space platform of small and medium-sized enterprises equity financing related theoretical basis, summarizes the a space related concepts, review of small and medium enterprises equity financing related theoretical basis, analysis of the public record space enterprise financing related concepts and theories; third, public record analysis of diversified financing pattern space platform, mainly analyzes the public record space platform of theirown financing mode and the public record characteristics of each stage of financing and financing mode space platform enterprise; fourth, public record the equity financing predicament and reasons of small and medium-sized enterprise space platform, that the main difficulties of policy financing, risk investment proportion on the lead Insufficient, and the difficulties caused by the main reason is small and medium-sized enterprises, small and medium-sized enterprise financing problems, lack of legal system of capital market is not perfect and other reasons; fifth, empirical analysis of financing structure of small and medium-sized enterprises and equity financing space platform under the influence of the public record, sample selection and model design, build the regression model, the empirical analysis; sixth. The public record space platform of small and medium-sized enterprises equity financing optimization measures, including perfecting the public record of small and medium-sized enterprises space platform construction, establish and perfect the legal system of small and medium-sized enterprises equity financing, improve the multi-level capital market for equity financing role of small and medium-sized enterprises; finally, this research conclusion and prospect, realize the significance of this study.Innovation of this paper lies mainly in selected public record space platform of small and medium-sized enterprises equity financing as the research object, conformity is a space platform of equity financing of small and medium sized enterprises mode, difficulties and problems as the starting point, by establishing an empirical analysis model, empirical analysis,proposed public record space platform of equity financing of small and medium sized enterprises optimization measures. Through the study of this paper, the author thinks that public record space platform of small and medium-sized enterprises equity financing dilemma certainly exist, and the reason from various factors of enterprises themselves, government policy, market environment, and enterprise scale, growth, financial risk cost, asset collateral value, profitability, non-debt tax shield etc. the enterprise itself factors directly affects the public record space platform for small and medium-sized enterprises in the equity financing efficiency, therefore, strengthening the public record space platform of small and medium-sized enterprises equity financing need to seize the key, an overall improvement.