Research On The Relationship Financing Of Small And Medium-sized Enterprises Cluster

The SME cluster is the most competitive representative of a region,it is mainly composed of small and medium-sized enterprises.During the Twelfth Five-Year Plan period,the prosperity of small and medium-sized enterprises in China has led to the recovery of our economy,and reducing the pressure of employment.The small and medium-sized enterprises have played an important role in China's industrial structure,and have made great contributions to the stability of social financial market by virtue of its flexible mechanism and market adaptability.It has become an important driving force for China's institutonal reform,economic development,social harmony and opening to the outside world.At the same time,the problem of financing difficulty of small and medium-sized enterprises has gradually become the focus of social exploration and attention in the economic development.In recent years,although the community has paid a lot of effort,but the financial problem of small and medium-sized enterprises has not been improved overall.In the final analysis,to solve the problem between SMEs and financial institutions,it means to Narrow the information gap generated during the lending process.Therefore,the Present Paper Proposed,banks and SMEs should be established the long-term cooperative relationship.This means that weakening the credit rationing of SMEs by Relational financing.The cluster small and medium-sized enterprises have the comparative advantage of the development relationship financing.At the same time,the innovation of this paper is that the research object is small and medium-sized enterprises.First,this paper summarizes the literature review of relational financing at home and abroad,making the basic concept of relational financing.Secondly,this paper expounds the relevant theories of small and medium-sized enterprises cluster and relational financing,pointing out that financial intermediary theory and credit rationing theory is the basic theory of relational financing.Thirdly,this paper summarizes and compares the foreign relationship financing experience,for the reference of China,and the process of SME cluster analysis.In the empirical analysis,the author selected Zhuzhou small and medium-sized enterprises cluster as the research object empirical analysis,with the enterprise loan amount and loan interest rate as an important explanatory variable,with the duration of enterprise and bank transactions as explanatory variables,Constructing a model to test the effect of relational financing on the financing of small and medium-sized enterprises.Finally,from the small and medium-sized enterprises themselves,banks and government,the paper makes suggestions for the development of the relationship financing of SME cluster.