【作者】 王伟；

【导师】 王淼；

【作者基本信息】 中国海洋大学 ， 企业管理， 2013， 硕士

【摘要】 改革开放以来，中小企业在我国经济发展中起着重要的作用，尤其是在经济快速发展的今天，中小企业对国民经济的增长以及社会发展更是起着不可替代的作用。然而，中小企业的融资问题一直是困扰我国中小企业发展的巨大障碍，融资难的问题除了中小企业自身素质不高、信用度偏低以及政府、银行等金融机构缺少支持外，与中小企业的融资模式有较大的关系，而引起这种不良融资模式的原因是多方面的。同时民间借贷为中小企业的发展提供了巨大的资金来源，从而对中小企业的发展起着重要的作用，因此本文基于民间借贷视角来研究中小企业的融资模式。本文旨在探讨中小企业融资模式与民间借贷之间的关系，首先分析民间借贷与正规借贷之间的关系与不同，其次，归纳出民间借贷对中小企业发展的正面以及负面影响，最后，在定性和定量对中小企业融资现状分析的基础上，建构出民间借贷视角下我国中小企业的融资模式模型，促进中小企业融资，改善中小企业的融资环境，为中小企业的发展起到借鉴作用。本文研究的主要观点有：1、中小企业在我国经济发展中起着重要的作用，但是其发展速度以及能从正规借贷获得的贷款规模相对较低，正规借贷与民间借贷的比例严重失调，使中小企业存在着严重的融资问题，造成融资问题的重要原因之一就是正规融资约束。2、民间借贷有其自身的优势，灵活性较高，与正规借贷不仅有较强的竞争关系，同时还具有一定的互补关系，在改善中小企业受正规借贷约束的不足外，弥补中小企业正规借贷市场的信贷缺口，从而为中小企业提供了巨大的资金来源，促进其发展。3、现阶段下中小企业的融资模式存在着严重的不足，民间借贷存在较大的优势外，还存在着一定的缺陷，因此在为改进中小企业融资模式提供一定的借鉴外，还需在综合中小企业现有各种融资模式的前提下，建构民间借贷视角下的相对完善的融资模式。4、在建构出民间借贷视角下中小企业融资模式的决策模型条件下，中小企业还要根据自己的发展情况对融资模式的决策模型进行有效的优化选择，以及根据融资决策模型制定融资风险的规避策略，从而合理有效的使用融资决策模型。更多还原

【Abstract】 Since the reform and opening, small and medium-sized enterprises have beenplaying an important role in China’s economic development. Small and medium-sizedenterprise also plays an irreplaceable role in the national economic growth and socialdevelopment,especially in today’s rapid economic development. However, thefinancing is a big obstacle to the development of small and medium-sized enterprises.The factors causing financing difficulties are various, except the low quality of thesmall and medium-sized enterprise itself, low credit quality, the lack of support fromthe government and banks or other financial institutions, there is also a bigrelationship of the small and medium-sized enterprise financing mode, also there aremany factors affecting the financing mode. At the same time folk lending is a hugesource of fund to small and medium-sized enterprises development and plays animportant role. So this paper researches the financing mode based on the privatelending of small and medium-sized enterprises.This article aims to explore the relationship between the financing mode of smalland medium enterprises and private lending. Firstly, it analyses the relationship anddifference between the financing mode of small and medium enterprises and privatelending.Secondly,it argues the positive and negative influence that private lendingmakes to small and medium enterprises.At last,it constructs a financing model in theperspective of private lending.It can improve the financing of small and mediumenterprises and improve the financing environment also make a reference to thedevelopment of small and medium enterprises.This paper researches the main idea of:1.The small and medium-sized enterprises plays an important role in China’s economic development,but their development speed and lending scale that can getfrom normal lending is relatively low.It is very imbalance between normal lendingand private lending which lends to serious financing problem.One important factorcausing the financing problem is financing constraints of normal lending.2.There are its own advantages of private lending,it has high flexibility.It notonly has a strong competitive relationship but also has a certain complementaryrelationship between the private lending.It can improve the deficiency of theconstraint of regular lending and makes up for credit gap of normal lending marketand it provides a huge source of capital and promotes their development.3.There are serious shortages of the financing mode of the small andmedium-sized enterprises at present.Although there are many advantages of theprivate lending,also there are serious shortages.So it can provide a reference tofinancing model,more important is to construct a perfect financing mode relativelyconsidering all kinds of financing mode.4.In the condition of constructing a decision model in private lending financingmode,the small and medium-sized enterprises need to make a effective and optimizedselection to the decision model according to their own development.Also they mustmake risk strategy according to financing decision model to use the model effectivelyand reasonably.更多还原