A Study On The Impact Of Regional Finance On The Financing Efficiency Of Private Enterprises In Heilongjiang Province

In October 2003,China formally put forward the strategy of revitalizing the old industrial base in northeast China.In recent years,with the advancement of national policy,the revitalization of northeast industrial base was just around the corner,and private enterprises in Heilongjiang Province played a great role in economic development.From the actual situation,taking into account the multi-factor,the biggest problem of private enterprises is the lack of development funds.This problem is gradually becoming the biggest obstacle to the growth of private enterprises,so solve the problem of private enterprise financing has become the urgent problem faced by private enterprises at this stage.The factors that affect the financing of private enterprises are divided into macro and micro aspects.The most important of macroeconomic factors is the regional financial development.enterprises in a certain area,will inevitably be affected by regional finance.For the regional financial development,domestic scholars have done a lot of research,but most scholars are committed to the study of regional financial development and economic development.Few people have studied the relationship between financial development and corporate finance efficiency,and the financial development and the financing efficiency of private enterprises are very few.In view of this,the research results of regional financial theory and the relevant theories of private enterprise financing are introduced into this paper.This paper systematically explores the impact of regional financial development on the financing efficiency of private enterprises in the period from 2005 to 2014,as a basis,from both internal and external aspects of the proposed recommendations to improve the financing efficiency of private enterprises.First,establish the background and purpose of this article,and establish the thinking and method of this article by analyzing and summarizing academic achievements in China and abroad.Secondly,this paper summarizes and analyzes the theory of regional financial development and the financing theory of private enterprises,which lays the theoretical foundation for the follow-up research.Starting from the actual situation of our country,determined the specific standard used for screening of private enterprises.At the same time,this paper puts forward the path and hypothesis of regional financial impact on the private enterprise financing efficiency.Then,the relevant data of private enterprises 2005-2014 are selected as the samples,and the influence of regional financial development on the financing efficiency of private enterprises is analyzed from the horizontal and vertical aspects respectively.From the horizontal point of view,through the regression analysis and Granger causality test on Heilongjiang,Liaoning,Jiangsu provinces and the financial development of the financing efficiency of private enterprises to conduct empirical research and comparison.Analysis and determine how different financial development in different regions affect the financing efficiency of private enterprises.From the vertical point of view,this paper compares the financing efficiency of financial and private enterprises in Heilongjiang Province from 2005 to 2014,and draws the influence of financial development on the financing efficiency of private enterprises in the same region.On the basis of the above analysis,the paper puts forward the concrete measures to improve the financing efficiency of private enterprises in Heilongjiang Province,so as to speed up the development of private enterprises in the province.