Financing Constraints And Capacity Utilization Of Enterprises

Overcapacity is an important issue that China needs to face in the current industrial upgrading and modernization.In the turbulent political and economic situation at home and abroad,it is necessary to maintain stable economic growth and optimize resource allocation to improve economic efficiency,long.Overcapacity will cause vicious competition in the market,reduce the economic efficiency of enterprises,and at the same time,the unemployment rate will rise due to insufficient work and the improvement of non-performing assets in the credit sector will cause many problems in various economic sectors of the country.On the other hand,in China,enterprises,especially small and medium-sized enterprises,are generally faced with the problem of financing difficulties.The 19 th report emphasizes the need to solve this problem.The reason is that financing constraints restrict social innovation and entrepreneurship,reduce market vitality,and are not conducive to enterprise transformation.upgrade.In this paper,the data of the World Bank micro-enterprise survey data and the urban business environment evaluation in 2005 are used.From the micro-enterprise level,from the perspective of financing constraints,the factors affecting the capacity utilization rate are analyzed to provide solutions to the problem of overcapacity in China.A more intuitive idea.The research in this paper shows that the financing constraints of enterprises may be a cause of overcapacity,and the improvement of financing constraints can improve the capacity utilization rate of enterprises.The empirical results show that the effect of financing constraints on capacity utilization is also related to the internal and external factors of the enterprise.The tax burden,local protectionism,enterprise scale and government-enterprise relationship will affect the degree of financing constraints of the enterprise and affect the capacity utilization.Therefore,through the research and analysis of this paper,it is suggested that the government should strengthen tax reduction and fee reduction,reduce the business burden of enterprises,deepen the reform of financial marketization,and focus on the marketization of credit funds allocation;local governments should abandon old ideas,actively embrace the market,and stimulate enterprises.vitality.