Case Study Of S Company As Innovative SMEs On Financing Of The Three Board

With the rapid development of China's economy,the development of innovative SMEs has become an indispensable force of transformation of industrial structure and the sustainable development of society and the state plays a positive role in promoting.But the development of innovative SMEs are facing financing difficulties,financing channel is very narrow,the high cost of financing,lack of information etc.led to the development of innovative SMEs by many obstacles,many SMEs facing bankruptcy and bankruptcy in the early days.It can be seen,expand financing channels and ways for the innovation of small and medium enterprises is particularly important.therefore,to study the innovative SMEs financing of three new board,not only has theoretical value,but also has good practical significance.In this paper,a model of small and medium-sized enterprises as the research object,based on the study of the financing theory,the Concept of SMEs and new third board.On the domestic and foreign innovative SME related literatures,to understand and master the relevant successful experience.Take S company as an example,analyzes the financing predicament of innovative SMEs and financing of three new board in its development,we know that as a typical innovative small and medium-sized enterprises,S company has strong ability of research and development and business ability,management ability also constantly optimized,but the financial fund performance.Therefore,the paper adopts the fuzzy comprehensive evaluation model to evaluate the effect of the new three board financing,The model is based on the research results of the COSO report in the United States,and builds a comprehensive evaluation index model including primary and secondary indexes,In order to determine and calculate the index weight,the fuzzy matrix operation is accomplished by constructing the judging set and determining the subordinate matrix.The result is that the comprehensive evaluation analysis shows that the overall performance of S company in the new three board is good,but there are still some problems that need to be improved.From single parameter analysis company has good innovation ability,growth ability performance in general,there are a lot of unreasonable financial capacity,environmental cost situation is not optimistic.According to the case analysis of S company,we can see that it is difficult for the innovative SMEs to list new three boards,and there are many factors in the financing dilemma,It mainly covers the problems of the enterprise itself,the valuation of the new three boards,the liquidity of the new three boards,the market standard of the market,and so on.We put forward some countermeasures for the problems,It includes improving the organization structure,perfecting the financial system of the enterprise,perfecting the internal control system of the enterprise,and improving the core competitiveness of the enterprise.In the end,We call on markets and governments,From raising the brokerage enthusiasm,improve the system of rotating plate,establishing green turn plate channel,to reduce thebarriers to entry and the government is encouraging investors to support innovative small and medium enterprises listed on the new three board,etc to support innovative SMEs listed on the new three board.