Research On The Model Innovation Of Quzhou Financing Guarantee Institution Based On The Perspective Of Industry Chain Finance

Small,medium and micro-sized enterprises(SMMEs)have played an important role in China's economy,while the financing difficult problems have always been a crucial factor restricting their development.And as a kind of credit instrument to provide financing,guarantee institutions have become an important means to solve the financing difficulties for SMMEs.Then as the economy enters a new normal and the supervision of financing guarantee tightens,many problems of financing guarantee institutions have seriously affected their normal development,it has become a trend for the government to participate in the construction of financing guarantee system.Therefore,based on the analysis of current situation of the financing guarantee institutions in Quzhou City,this paper puts forward the model innovation of the financing guarantee institutions from the perspective of industry chain finance,which has certain practical value and theoretical significance.Firstly,this paper uses the game model to explain the credit enhancement mechanism of guarantee companies to SMMEs in theory,and by using Shapley value analysis,it is concluded that the profits of banks,SMMEs and core enterprises participating in loan cooperation in the financial guarantee of industrial chain are greater than those of the two sides when they cooperate,which ensures the feasibility of financial guarantee in industrial chain;Secondly,taking the guarantee industry of Quzhou City as a case study,this paper expounds the main problems existing in the guarantee industry at the present stage.Thirdly,this paper constructs a new financing guarantee model of Quzhou industrial chain from the perspective of industry chain finance,which is composed of guarantee companies,government,cooperative banks and core enterprises,and do SWOT analysis as well.At the same time,we establishthe main design elements of financial guarantee of Quzhou industrial chain.Finally,we select the sample data of Quzhou city,establish the regression model to analysis the promotion effect of the risk pool guarantee model in the view of industry chain finance.The empirical analysis results show that the financial guarantee elements involved in the industrial chain have a positive effect on enterprises.The possible innovations of this paper:(1)From the perspective of industry chain finance,the research on the mode innovation of financing guarantee institutions will help to improve the deficiencies of the existing guarantee system.(2)Combined with SWOT and empirical analysis,this paper makes qualitative and quantitative analysis on the innovative model of financing guarantee,in order to obtain robust empirical results,and then provide reference for guarantee companies and policymakers.(3)This paper enrich the existing theory of financing guarantee system,and put forward countermeasures and suggestions with scientific rationality and operability.