Research On The Risk Of Small And Medium Sized Enterprises' Account Receivable Financing In China

With the continuous improvement of China's market economy,small and medium-sized enterprises as an important complement to economic development,play a very important role in the national economy.Increasing the fiscal revenue,promoting market competition,promoting innovation and development,and providing jobs,small and medium-sized enterprises have made contribution to China's economic and social development,it plays more important role.However,the survival and development of small and medium enterprises are faced with many difficulties.Not only withstand the competitive pressure of large enterprises,and financing difficulties have been restricting the survival and development of them.Most of the small and medium-sized enterprises in our country are small,it is difficult to meet the listing standards,and can not obtain financing through listing.And most of small and medium enterprises can not meet the requirements of the issuance of bonds and the approval process,the risk of private lending interest rate is very large,it is not the first choice for financing.In fact,small and medium-sized enterprises hope to financing through bank loans,but the financial institutions is in lack of necessary data support,apply for loans to small and medium-sized enterprises demanding,leading to small and medium enterprises to obtain loans from financial institutions.However,small and medium-sized enterprises generally have a certain amount of accounts receivable,accounts receivable can also be a way of financing.As of 2016,there are 1392 companies listed in the Gem and SME board,accounts receivable accounts for 10.47% of total assets,indicating that there is still a lot of use of accounts receivable.In the development of small and medium-sized enterprises,accumulate a considerable amount of accounts receivable,accounts receivable revitalizing,in order to provide an effective way to solve the financing difficulties.Small and medium-sized enterprises should make rational use of accounts receivable in order to realize the maximization of enterprise value.Based on the full absorption of the previous research and experience,using the method of combination of theory and case analysis,small and medium-sized enterprises should analyze the accounts receivable financing.Through the study of the risk,the reason that is not widely used in,and put forward some relevant suggestions.Hope to solve the financing problems of small and medium enterprises to extend a small step forward to promote the rapid development.This paper includes the following six parts.The first part is introduction.This part mainly introduces the research background and significance of the research,defines the research ideas of this paper,and introduces the innovation and shortcomings of this paper.The second part introduces the overview of small and medium-sized enterprise accounts receivable financing.The third part is the risk analysis of the small and medium-sized enterprises' accounts receivable financing.The fourth part is the detailed introduction to the case of A enterprise.The fifth part puts forward the corresponding measures to solve the problem of enterprise's accounts receivable financing risk.This chapter mainly suggests from the government,banks,enterprises.The sixth part is the end of the article,the summary of the above case study,and makes a little prospect for future research.