Research On Financing Capacity Evaluation Of Small-and-medium Sized Enterprises In Agricultrue

Over the past 40 years of reform and opening up,the Chinese economy has achieved major achievements that have drawn worldwide attention.Among them,SMEs have played an extremely important role in the process of economic prosperity.However,due to the problems of SMEs and the lack of development of China's financial market,SME financing still faces major problems,especially among agricultural-related SMEs.Problems like “financing difficulties,financing expensive” and “difficulty in securing mortgages,securing bonds,and financing difficulties” have brought great difficulties to the development of agriculture-related SMEs.This article,based on the comprehensive financial financing theory and enterprise management theory,summarizes and sorts relevant research literature,and studies how the agriculture-related SMEs improve their financing capabilities through various factors.Through the summary of the relevant literature,this paper believes that the fundamental reason for determining the financing capacity of agricultural SMEs is the enterprise's own situation.In order to deeply study the financing of agriculture-related small and medium-sized enterprises,this paper analyzes the theory of corporate finance and takes the national high-tech demonstration zone—— the demonstration area of Yangling in Shaanxi Province as an example.It further study,it analyzes the financing status of agriculture-related SMEs in Yangling District,existing problems and possible causes.Based on existing research and existing data,this paper adopts 12 related indicators based on the four aspects of management capacity,support ability,profitability,and growth ability of agriculture-related SMEs,and builds evaluation index for financing capacity of agriculture-related SMEs system.After completing the construction of evaluation index system for financing capacity of agriculture-related SMEs,40 sample agriculture-related SMEs from Yangling were randomly selected as the sample for this article.Principal component analysis method was used to empirically evaluate the financing capacity of agriculture-related SMEs.The article has drawn the weight of each classification index and specific indicators in the evaluation of financing capacity of agriculture-related SMEs.The study found that the biggest influencing factor affecting the financing capacity of agriculture-related SMEs is the profitability of the enterprise,followed by the development capability of the enterprise,followed by the enterprise's protection and management capabilities.In order to ensure the persuasiveness of the model results,this study also used Delphi analysis to investigate experts and scholars,bank loan officers,and company employees.Using Lidert's five-grade scale,the scores were used to judge the impact of financing for agriculture-related SMEs.Although the final results of the Delphi analysis method are slightly different from the principal component analysis method in terms of the weights of the indicators,they generally support the empirical results obtained by the principal component analysis method.Finally,A series of policy recommendations to improve the financing capacity of agriculture-related SMEs have been proposed.