The Mitigating Program Of XX Company's Financing Constraints

The mismatch between the degree of financing constraints and the growth rate reduces the investment of innovative small and medium-sized companiess,reduces the opportunities for companies to create new value,and hinders the growth of companies.Controlling the degree of financing constraints has increasingly become the key to the rapid development of innovative companies.This paper chooses high-tech company XX as the object of study on how to alleviate financing constraints,combines the inflow,outflow and current situation of the company,analyses the reasons of XX company's financing constraints,uses the relevant data and news materials of XX company from 2012 to 2017,uses the entropy weight method to measure the degree of financing constraints of the company,chooses the fluctuation range of financing constraints suitable for XX compan y at this stage,and roots in it.According to financing constraints and influencing factors,corresponding mitigation plans,implementation plans and safeguard measures are proposed.The main conclusions are as follows:(1)XX company is facing a rapid increase in the degree of financing constraints,the main problems include:the company's internal funds can not meet the needs of operation,the higher degree of financing constraints hinder the development of the company.Chaotic internal management,limited financing channels,backward technology level of main products,etc.(2)Weak internal control,single financing channel and relatively low R&D efficiency are the main reasons for XX's increasing financing constraints.Specifically manifested in the company's strategic decision-making errors,mergers and acquisitions in the transition period are too fast,and a large number of foreign debts are erroneously used,ignoring market orientation,coupled with relatively backward technology and the loss of a large number of orders,resulting in a large number of product backlog,capital chain rupture,leading to debt crisis,resulting in increased financing constraints.(3)Aiming at the financing constraints suitable for the company's current development,this paper moderately alleviates the degree of financing constraints by optimizing the company's internal system construction,broadening the company's financing channels,and implementing organizational plans conducive to the company's growth.At the same time,the countermeasures are further generated into detailed implementation plans,pointing out the direction that the company can improve at this stage.(4)From the three dimensions of finance,manpower and information,this paper also puts forward the following suggestions:making budget,strengthening internal control of the company;setting up a financing team,strengthening financing;and establishing an effective information communication platform to reduce information asymmetry.As a safeguard measure for the implementation of countermeasuresy,it improves the operability of the imcplementation of countermeasures.This paper has a certain significance for alleviating the financing constraints of XX enterprises,and can also provide ideas and methods for similar related enterprises to solve financing problems.