| In the new era,with the deepening of economic transformation and market system reform,the development of small and micro enterprises has attracted more and more attention.Especially under the current general trend of "improving the quality of economic growth" and"structural adjustment",small and medium-sized enterprises are solving the problem of employment,alleviating economic pain and realizing stabilize social order and promote scientific and technological innovation.However,due to the small scale of enterprises,weak market competitiveness,short life cycle,weak capital and low market credit,it leads to"financing difficulty" and "financing cost" The main factors affecting the survival and development of small and medium-sized enterprises.Fundamentally,the financing difficulties of small and micro enterprises are closely related to the financing risk control of banks and other financial institutions and the information asymmetry between them.In the financing process,enterprises need to provide information that can prove their repayment ability,which is relatively complicated.Of course,in the form of credit guarantee,at present our country commercial banks is mainly guarantee,mortgage credit,and this kind of credit requires enterprises to have enough capital and risk resistance,obviously,the characteristics of small and micro enterprise does not have this condition,available mortgage fixed assets and intangible assets are extremely scarce.In this context,exploring the use of government procurement credit guarantee for receivables financing has become one of the effective ways to alleviate the financing difficulties of small and micro enterprises.Small and micro enterprises can use the government procurement contract order financing,to balance the dislocation of supply and demand between Banks and enterprises,innovation using supply chain finance,government procurement department as the core supply chain,using government credit guarantee to solve small and micro enterprise credit level,the lack of fixed assets mortgage,to alleviate small and micro enterprise financing difficulties,has a big role to promote the long-term development of small and micro enterprises.Therefore,it is of certain practical significance to study the accounts receivable financing mode of small and micro enterprises under the government procurement credit guarantee.This paper takes this as a starting point to systematically analyze the accounts receivable financing of small and micro enterprises under the government procurement credit guarantee.Firstly,it analyzes the feasibility of government procurement credit to promote the financing of small and micro enterprises.Through the research on the accounts receivable financing literature of small and micro enterprises at home and abroad,using the relevant theories of information asymmetry,transaction cost,growth cycle and so on Combined with the financing development of small and micro enterprises in China at the present stage,this thesis analyzes the feasibility of using government procurement credit guarantee to promote the financing of small and micro enterprises.Theory and practice of accounts receivable management in small and micro enterprises.The research of this thesis lays a foundation for the analysis of accounts receivable financing mechanism of small and micro enterprises under government procurement credit guarantee.Secondly,summarize the role of government procurement credit guarantee mechanism in promoting the financing of small and micro enterprises.Based on the theory of information asymmetry,government procurement credit guarantee can effectively reduce the "adverse selection" and "moral hazard" in the financing of small and micro enterprises.Based on transaction cost theory,government procurement credit guarantee can reduce transaction cost and uncertainty,optimize special asset types and optimize the whole process of financing resource allocation and management.Therefore,this thesis expounds the mechanism of government procurement credit promoting the financing of small and micro enterprises from three aspects:macroeconomic environment,policy support and financing innovation of small and micro enterprises.From the perspective of small and micro enterprises management,this thesis systematically combs three modes of government procurement credit guarantee to promote the financing of small and micro enterprises,namely institutional financing,pledge financing and factoring financing.Thirdly,through the analysis of the financing status of small and micro enterprises under government procurement credit guarantee,this thesis puts forward some suggestions to improve the financing mode of small and micro enterprises under government procurement credit guarantee.This thesis introduces the current situation of government procurement and financing of small and micro enterprises in China,and analyzes the relationship between government procurement and financing of small and micro enterprises in China small and micro enterprises;government procurement;credit guarantee.It provides a reference for the development of accounts receivable financing under local government procurement credit guarantee. |
