An Empirical Study On The Impact Of Financing Constraints On China's SME Export Trade

In recent years,the rapid development of China's import and export trade,small and medium enterprises to stimulate the rapid growth of the national economy,to solve a lot of social employment issues,to become an important driving force to support China's economy.However,with the financial crisis in 2008,many small and medium-sized enterprises in our country have not been affected by a small external impact,but also ushered in unprecedented pressure and challenges of China's export trade.The international trade environment is complex and changeable,which has high export risk and sunk cost.There are still many problems in the development of small and medium-sized enterprises in China,especially the financing difficulties have not been effectively improved.Therefore,this paper analyzes the relationship between SMEs and export trade under the background of financing constraints.In this paper,we use the heterogeneous firm model to study the transition from macro to micro level,and consider the impact of financing constraints on the export participation of SMEs in China.Taking the Chinese enterprises as samples,using the 2012 World Bank "China investment environment survey" data,this paper studies the impact of financing constraints on the export behavior of smes.The empirical results show that financing constraints have a significant effect on the export behavior of Chinese enterprises.Further,the paper studies the degree of influence of financing constraints on the export of enterprises,and finds that the degree of influence is different because of the different scale of enterprises.The small and medium-sized enterprises of our country are subjected to more serious financing constraints,which restrict the export trade behavior.In this paper,combined with China's small and medium enterprises export and financing status,analysis of China's small and medium enterprises in the export trade financing difficulties in the reality of the problem.Based on the research results,this paper puts forward some suggestions to improve the financing constraints of small and medium enterprises in China,which are mainly from three aspects:the SMEs themselves,the government and the financial market.