Research On The Influence Factors And Improvement Tactics Of SMEs In Jiangsu Province

Small and micro enterprises(SMEs)as a business type with small scale and flexible management method play an important role in ensure employment,raise taxes,promote scientific and technological innovation in Jiangsu province.However,the financing constraints faced by SMEs are out of balance with the exertion of their functions.National and local policy documents have also failed to resolve financing issues thoroughly.The long-term existence of the financing problem of SMEs will inevitably inhibit the effective play of its effect.In order to solve the financing problem of Jiangsu SMEs.We should systematically analyze the main factors that affect its financing from the financing participation aspect firstly.And improve the pertinence and specialization degree of the policy measures.Promoting the role of SMEs plays effectively.Based on these research background,this paper analyzed the outstanding problems in financing of SMEs in Jiangsu Province,and constructs a structural equation model under the guidance of capital structure theory and financing guarantee theory system.Using theoretical analysis and empirical test to develop the research advantage of qualitative analysis and quantitative analysis.Firstly,combing and analyzing the research from domestic and international which related to financing of SMEs.Define the related concepts of SMEs and financing,clarifies the characteristics of SMEs' financing requirement,and analyzes relevant theories in detail.This paper also combine the existing research results with the actual situation of Jiangsu Province,as well as the participation of commercial banks and guarantee organizations.Secondly,establish structural equation model about influencing factors on financing of Jiangsu SMEs.The financing index system was established on the basis of the existing research results.Then put forward the hypothesis and design the questionnaire after the pre-test with the pre-survey questionnaire.Thirdly,issuance of formal questionnaires.From four aspects of government,commercial bank,guarantee organization and enterprise itself,the paper analyzes the influence degree of each subject on the financing environment with the use of SPSS and AMOS analysis software.Fourthly,this paper used regression analysis to excavation the significance of each observation variable on the financing behavior of SMEs deeply.The result shows that government policy support,commercial bank financial services,and the participation of guarantee agencies all have a significant impact on the financing for SMEs.And government policy is the most effective way to improve the financing environment.However,the influence of small and micro enterprises on their financing is not significant due to their own weak quality.Finally,this paper puts forward the strategies of improving the SMEs financing environment in Jiangsu province.Such as,enhance government policy support,establish the SMEs service mechanism from commercial banks,establish and perfecting guarantee service system and optimizing the management strategy of SMEs.