中小企业间接融资的国际比较与借鉴

【作者】 朱莎；

【导师】 李青；

【作者基本信息】 对外经济贸易大学 ， 金融学， 2006， 硕士

【摘要】 中小企业融资难是困扰各国经济理论界、实业界和政府相关部门的世界性难题。我国由于受特殊的历史背景影响,问题更为突出。在中国,银行资产占整个金融资产的80%以上,因此,笔者认为研究中小企业融资不能忽视银行这一间接融资的方式。我们应该更多的关注我国以及世界各国中小企业的发展。写作本文的目的就是通过分析发达国家中小企业间接融资的经验,探讨我国中小企业发展的途径,研究如何解决我国中小企业融资难的具体措施,以尽快缓解中国中小企业融资难的困境。 本文分为三个部分进行阐述。首先分析与总结了发达国家中小企业融资的先进经验。从国外经验看,中小企业融资都依托着一个多层次、多侧面的融资体系,在市场经济的大环境下,不断完善包括政策、法律、法规、金融服务、贷款担保、专业化产权交易系统和社会辅助体系在内的环境建设。通过对中小企业融资国际经验的比较分析,在第二部分,作者对中国中小企业间接融资提出了切实可行的建议,即:完善政策、法律、法规建设、完善金融服务支持及发展中小企业贷款担保机构。 最后,作者在文章结尾提出了自己的观点:我国资本市场发展尚不完善,通过银行贷款等方式实现间接融资,还是当前我国中小企业实现资本融通的主要渠道,应从政策、法律、法规、金融服务和贷款担保等方面寻求中小企业间接融资的有效途径。同时,中小企业的制度建设、企业家素质以及经济全球化和“入世”对企业融资环境的影响也是不容忽视的。更多还原

【Abstract】 Hard financing of small-and-medium-sized enterprises is the world difficult problem that puzzles the economic theoretical circle, business circle, and correlate departments of government in every country. In our country, this problem is more distinct because of influenced by the special historical background. In China, bank asset has occupied 80% above of total finance asset. Therefore, the author thinks that we cannot research financing of small-and-medium-sized enterprises without indirect financing from the bank. We should pay much attention to the development of small-and-medium-sized enterprise in China and all over the world. The aim of writing this article is to make a comparatively systematic analysis of foreign experience, explore the developing approach of Chinese small-and-medium-sized enterprise, research how to solve the problems existed in the financing of small-and-medium-sized enterprise and improve financing situations on the basis of the situation of our country.This article includes three parts. The article firstly carried out comparative analysis on international experience of the financing of small-and-medium-sized enterprise. From the foreign experience, financing of small-and-medium-sized enterprise relies on the multi-arrangement and multilateral financing system. Under the great environment of market economy every country constantly consummates the environment constructs in policies, laws, codes, finance services, loan assurance, specialized poverty right dealing system and social assistant system. According to the comparative analysis on international experiences of the financing of small-and-medium-sized enterprise, in second part, the author put forward three feasible suggestions: perfecting policies, laws andcodes, providing overall finance services and developing loan assurance organization.Finally, the author points out her opinion: Today, Chinese capital market urgently needs to be fostered and perfected, then indirect financing is still main way for small-and-medium-sized enterprise. Environment constructs still needs consummation in policies, laws, codes, finance services and loan assurance. At the same time, developing small-and-medium-sized enterprise system, enterpriser diathesis, global economy and WTO all can impact enterprise financing environment.更多还原