我国中小企业融资的困境及对策研究重点.doc

我国中小企业融资的困境及对策研究 2010年月日MM理论以及新资本结构理论进行阐述，再运用这些经典理论对我国中小企业现状做了分析，揭示出中下企业的融资困境在于自身的先天不足，如缺乏抵押资产、财务制度不完善等和我国政策上扶持力度不足。并在借鉴他国经验的基础上提出了一些建议。希望国家可以在政策上给中小企业更大的支持中小企业也能不断完善自身的管理。从而使中小企业能更好的得到发展。 关键词：中小企业；融资困境与模式；国外经验； Abstract Small and medium enterprises in increasing employment, stimulating economic growth, promote innovation, increase fiscal revenue has played an important use. However, due to self-management of small and medium enterprises, the scale and financial markets, asymmetric information, financial regulations and other reasons make perfect SME financing has become a global problem. The end of 2007, China has about 42 million SME, more than its output accounts for 60% of GDP. However, studies show that 87.73 percents of the SME credit needs are not met. This is the financing of SME is a good explanation. Coupled with the U.S. sub-prime crisis on the global impact of SME to financing has become a community must be the focus of attention. This paper will study the importance of the SME MM theory and the theory of capital structure theory to explain the new, re-use of these classical theory analyzes the current situation of SME in China, revealed in the financing of enterprises is their own inherent difficulties, such as the lack of collateral assets, such as the financial system is imperfect and inadequate efforts to support our policies. And Lessons from Other Countries on the basis of some suggestions. Hope that the national policy for SME in greater support for small and medium enterprises can continuously improve their management. So that SME can develop better Key words: SME, financing difficulties and models, foreign experience 目　录 1 引言 1 1.1研究的背景和意义 1 1.2 文献综述 1 1.3 研究的主要内容和方法 2 2 中小企业及融资相关概念 3 2.1 融资理论简介 3 2.1.1 MM理论 3 2.1.2新资本结构理论 3 2.2中小企业在我国的界定及重要作用 3 2.2.1中小企业的界定 3 2.2.2中小企业在国民经济发展中的重要作用 4 2.3中小企业融资的概念及途径 4 3我国中小企业融资现状和问题 6 3.1中小企业融资难的内部原因 6 3.1.1信息不对称 6 3.1.2 道德风险的存在 6 3.1.3 抵押物普遍缺乏 6 3.1.4 存在较高的经营风险 7 3.2 中小企业融资难的社会原因 7 3.2.1 金融部门运行部机制不健全 7