Research On The Development Of Small And Micro Enterprises In Wuhu Under The Constraint Of Transaction Cost

Under the background of popular entrepreneurship and innovation,small and micro enterprises(SMEs)have become the focus of attention and research because of their great contribution to society.SMEs are the main force of entrepreneurial innovation,and the basic strength of national economic development and the most dynamic and creative market players in the whole market economy.To play the role of SME in the market,we must pay attention to the various constraints in the development process which SMEs must have face with.Taking Wuhu as an example,the dissertation established a research framework----using transaction cost theory to analise the development of SMEs.In the research,we analyzed the transaction costs faced by SMEs in Wuhu,calculated different kind of transaction costs by constructing a function.After all this,the dissertation put forward several corresponding countermeasures and suggestions.Firstly,under the background of economic transition and popular entrepreneurship and innovation,we have identified the purpose and significance of the study.We've done the content framework after discussing the domestic and foreign research results on transaction costs and SMEs.Secondly,the dissertation clarified the concept of transaction cost and SMEs,systematically expounded the transaction cost theory,the enterprise life cycle theory and game theory.Then,based on the statistical and survey data,the dissertation analyzed the current situation of the development of SMEs in Wuhu from three aspects,macro,meso and micro.And then,analyzed the constraint mechanism of transaction cost from three aspects——other industries,financial institutions and government.After the theoretical analysis,using statistical methods and mathematical theory,we created a function model——transaction cost calculation function:C=kl*X+k2*Y+k3*Z.By calculation,we found that with different transaction objects,the transaction cost was different,according to the order from high to low,the order is,other enterprises,financial institutions and government.The calculation results also show that in different stages of enterprise development,the transaction cost was different,according to the order from high to low,the order is,start-up phase,rapid growth phase,mature phase.It should be pointed out that in the recession phase,the transaction cost would increase.Finally,aiming at how to reduce the transaction cost of SMEs in Wuhu,we put forward several corresponding measures and suggestions.Such as consolidating the "blood relationship" and strengthening the "geographical relation";promoting the reform of the financial system and developping the internet finance;streamlining government and delegating authorities,building a service-oriented government.