Study On Financing Problems Of Small And Micro Enterprises Assisted By Finance Office Of Yifeng County Government

Small and micro enterprises have achieved rapid development in the past 30 years and have become an indispensable main force of China’s economic development.They have a strong development momentum and bright development prospects.However,on the whole,the development policy support given by the state to small and micro enterprises is still insufficient.Although corresponding support policies have been given at the national level,and relevant departments can also cooperate,especially in terms of supporting measures,a number of policies have been launched,but this does not completely solve the problem of financing difficulties of small and micro enterprises,and also restricts the development and growth of small and micro enterprises.After the outbreak,affected by the epidemic environment,it is more difficult for small and micro enterprises to develop.The increasingly complex international situation has led to the continuous increase of production costs of enterprises in the whole society,but the sales volume of products has been decreasing and orders have shrunk.This situation has exacerbated the difficulty of capital turnover of enterprises.Many small and micro enterprises are facing the crisis of bankruptcy under this background.Therefore,for small and micro enterprises,financing has become the most critical and difficult problem at present.In order to explore the financing of small and micro enterprises assisted by the government,this thesis first analyzes the impact of Yifeng county government on the financing efficiency of small and micro enterprises.Through empirical research,it can be seen that the operating cash flow coefficient is 0.0262,which is significant at the significance level of 5%,which also means that there are many constraints on the financing of small and micro enterprises in Yifeng County,and the cash flow sensitivity can show this constraint.The financing cost of small and micro enterprises is very high,and low-cost foreign aid funds are difficult to obtain,so they have to rely on internal funds for maintenance.In the empirical research,the regression analysis is carried out in combination with the model.The analysis results show that the coefficient of operating cash flow is 0.419,which is very significant at the level of 5%,and the interaction coefficient of several quantitative indicators related to the county government department is negative,indicating that Yifeng County Government can effectively alleviate the financing constraints of small and micro enterprises,which reflects the great potential of Yifeng county government in promoting the economic development of Yifeng county.Then,taking Yifeng County as an example,this thesis further analyzes the current situation of the government’s assistance to the financing of small and micro enterprises,including the financing support policies of small and micro enterprises and the characteristics of the current financing situation,and discusses the effectiveness of Yifeng county’s assistance to the financing of small and micro enterprises.Based on the analysis of the current situation,the problems existing in the financing of small and micro enterprises in Yifeng County include the lack of financial assistance for small and micro enterprises,the inability to alleviate the financing contradiction between banks and enterprises,the uncoordinated decision-making and management mechanism,and the lack of government credit guarantee.Then it analyzes the root causes of the financing problems of small and micro enterprises assisted by Yifeng county government,including the limitations and weak strength of preferential support,the low administrative efficiency and service quality of the government,the lack of completeness and operability of laws and regulations,and the lack of business evaluation and accountability mechanism.Finally,analysis how to adjust the policy or policy tools,improve small micro enterprise financing work,from the aspects of comprehensively improving the level of preferential policy support,strengthening the financing service quality of small and micro enterprises,improving the financing mechanism of small and micro enterprises,improving the business assessment requirements,and strengthening the communication channels between the government and small and micro enterprises,this thesis puts forward policy suggestions for the government to help the financing of small and micro enterprises.