【摘要】 基于对江苏省230家融资担保公司的深入调查,筛选了208家公司作为样本,研究供给侧驱动下的小微企业融资担保有效性问题。通过构建结构方程模型,实证分析融资担保公司信用供给、银行资金供给、政府政策供给对小微企业融资担保有效性的作用机制。研究表明:银行合作态度在担保公司财务实力和小微企业资信水平对担保有效性的影响中起中介作用;由于银行的强势地位和利润最大化目标,政府的政策扶持难以显著改善银行合作态度,但可直接提升融资担保有效性;担保公司业务能力和小微企业经营状况也会显著影响融资担保有效性。据此设计了提升小微企业融资担保有效性的路径。更多还原

【Abstract】 On the basis of 230 questionnaires from financing guarantee companies in Jiangsu province,the paper selects 208 companies as the sample for exploring the effectiveness of SMEs financing guarantee by supply side driven.By constructing the structural equation model,this paper empirically investigates how credit supply of financing guarantee companies,capital supply of banks and policy supply of government affect the effectiveness of guarantee.The result shows that cooperative attitude of banks plays an intermediary role in the effects of guarantee companies’ financial strength and SMEs capital credit on the effectiveness of guarantee.Due to banks’ strong position and aim of profit maximization,government support policy can not improve cooperative attitude of banks obviously but improve the effectiveness of SMEs financing guarantee directly.Meanwhile,business capability of guarantee companies and management condition of SMEs also has significant effects on the effectiveness of guarantee.According to these results,the thesis designs the path of enhancing the effectiveness of SMEs financing guarantee.更多还原