Research On Science And Technology Livestock SMEs Financing Strategy

With the proliferation of small and medium-sized enterprises and the irresistible trend of animal husbandry towards a technology-based and industrialized one that seeks cluster development,technology-based small and medium-sized stock farming firms are valued as the major driver of scientific and technological innovation in this industry as well as the main base of scale production in agriculture.Small in scale,they have less mortgage loans,high technological potential and great performance in innovation.But with a fairly long payback period,operating risks still exist.Like stock farming firms in traditional agricultural industry,these companies need huge investment but earn low profits.Set back by their backward manufacturing conditions,they can not be immune to price fluctuations,epidemics and natural disasters.Moreover,as the financing environment for businesses in China is still far from favorable,they are beset with various obstacles in financing and development.Currently,most studies analyze the situation of these companies from the perspective of information asymmetry and their life cycles and indeed have yielded with good results.However,these companies develop in an ever-changing world and are vulnerable to uncertain factors so their life cycles are hard to define.Therefore,the existing theories are not compatible with them and can not act as a guide to their financing strategies.With the economic development and changes in industry environment,technology-based small and medium-sized enterprises are influenced by their accumulation,industry environment,regional conditions and other factors.As mentioned above,the existing theories are unpractical and not suitable for these companies.With a new vision,this thesis proposed,by studying related literature,analyzing classic cases,and integrating various subjects,that companies should make the best use of existing resources.The innovative points are:The financing resources of technology-based small and medium-sized enterprises are classified into six groups-resources within and outside the company,the industry and the region.It designs how to make the best use of existing resources and creates a set of concrete and practicable resource-coordination financing strategy according to the case of APR Company.Finally,the conclusions are as follows:First,as technology-based small and medium enterprises in China are under dual pressure-intensive market competition and the risks of the industry itself,they have difficulties in seeking financing.The environment for their development and financing needs to be further improved.Second,though there have been many studies on this issue,they are not able to present a clear map for how to adopt financing strategies that are suitable for animal husbandry and how to define different periods of companies' life circles.Third,taking into consideration their actual needs and goals,technology-based small and medium-sized enterprises should coordinate the existing resources in an all-round and flexible way.From a new perspective of making the best use of resources,this thesis creates solutions for addressing the difficulties of small medium-sized enterprises in financing,analyzes the feasibility of adopting differentiated financing policies,and adds new vision to traditional financing strategies.The highlights of this thesis include:First,it designs how to make the best use of existing resources and accordingly provides a financing system for small and medium-sized enterprises.Second,it provides a set of concrete and practicable resource-coordination financing strategy for APR Company in accordance with its needs and conditions:to coordinate resources within and outside the company,for example,"cloud-cultivation" and "industry-university-research" model,the industry,for example,"supply chain coordination" and "mutual guarantee" pattern,and the region,like "cloud-funding" and "Internet plus capital market" model.Third,it offers a new perspective and a guideline for technology-based small and medium enterprises to adopt their financing strategies.