Research On Financing Efficiency Of Small And Micro Enterprises

China's large number of small and micro enterprises,is the basis of the real economy.Facing the new normal economic development,has Small and micro businesses flexible and innovative characteristics has become an important breakthrough of steady economic development,however,Small and micro businesses development has encountered financing bottleneck problem.Although more and more measures to support small and micro enterprise financing,the intensity gradually increased,from the surface has been expanded,because financing policy landing difficulties,coupled with the bank capital provider of "information asymmetry" barriers,financing has become one of the most important factors restricting the development of Small and micro businesses.The correct evaluation of Small and micro businesses financing efficiency,the use of Jiangsu province Small and micro businesses development data empirical analysis on the factors influencing the financing situation and influence,can help identify Small and micro businesses,diagnosis of the causes of the problem,to design countermeasures to solve the financing problem,Small and micro businesses to promote innovation and development.First of all,based on the research results of predecessors on the clear Small and micro businesses and financing efficiency meaning,influencing factors and summarizes the status of the financing efficiency of Small and micro businesses financing supply and demand;secondly,we selected 13 efficiency indicators through qualitative analysis and quantitative analysis,build a small micro enterprise financing efficiency evaluation index system;then Jiangsu Province,the selected three new board listing 20 Small and micro businesses as the research sample,using factor analysis and cluster analysis method of sample enterprises 2013-2015 three years average empirical analysis;finally,according to the empirical analysis results,summarize the problems of the causes of the difficulty of financing Small and micro businesses,and puts forward the countermeasures to alleviate the problem financing.Study finds that the main reasons of financing difficulties of small and micro enterprises are lack of liquidity,high cost of financing and strict market supervision.According to the analysis,is presented in this paper include Small and micro businesses to strengthen internal management,strengthen credit based financing;the government should strengthen policy guidance,expand financing channels Small and micro businesses;financial institutions to financial service innovation,realize the three aspects of lending win-win improvement strategies.