The Influence Factors Of Credit Constrain Of Forestry Small And Medium Enterprises-

Small and medium-sized enterprises in China forestry indispensable an important force in economic development for our country,made great contributions to the devel opment of forestry industry.However,due to the forestry production cycle is long,the economic benefit of effective slow,management risk is big,long capital recovery tim e consideration,such as features,the forestry of small and medium-sized enterprises is facing severe credit constraints,insufficient funds,financing difficulties has become t he important obstacle of the development of small and medium-sized enterprises of fo restry,serious impact on the development of forestry industry in China.Therefore,in order to promote small and medium-sized enterprises of forestry of the healthy,sustai ned and rapid development,solve the small and medium-sized enterprises of forestry f inancing constraint problem is particularly necessary and important.To solve the problem of forestry of small and medium-sized enterprise credit fina ncing constraints,adopted a series of measures,national and local made certain achiev ements,but the overall effect is not ideal.Investigate its reason,mainly on the influen cing factors of forestry sme credit financing constraints and objective understanding o f the lack of system.So at this stage it is necessary for the influence factors of small a nd medium-sized enterprise credit constraints of forestry and weaken the forestry of s mall and medium-sized enterprise credit financing constraints measures system in-dep th research,for countries and enterprises to take effective countermeasures to provide theoretical guidance and reference.Paper based on the questionnaire survey of hunan province,through the theoretic al research and empirical analysis method of combining the,first of all to small and m edium-sized enterprises,credit financing constraints,such as forestry concept is studie d and defined,optimal sequence of information asymmetry,financing,credit rationing and other related theory are studied,and use literature research at home and abroad o n forestry financing and credit constraints of related literature and review studies on th e dynamic system,for the paper literature basis and theoretical basis is provided for fu rther research.Second,the thesis of small and medium-sized enterprise financing prob lems and reasons of forestry were analyzed.Again,the paper on the basis of existing r esearch results,from two aspects:enterprise features,financing environment to constr uct the forestry sme credit constraints factors theory model,puts forward the research hypotheses for the relationship between various factors and credit constraints.Then th e paper use questionnaire to obtain data,using the method of ridge regression and affe cting factors of 13 forestry make an empirical analysis of the small and medium-sized enterprise credit constraint relations,the study found that the size of the enterprise,operating period,operating income,profit rate and the relationship with the bank and the government policy environment,bank efficiency and credit constraint is negatively correlated,positively related to the rate of assets and liabilities and the nature of the enterprise,the enterprise credit constraints.Finally,based on the results,the paper puts forward from the aspect of enterprise level,the government and bank for reducing forestry countermeasures and Suggestions of small and medium-si zed enterprise credit constraints.