【作者】 李喆；

【导师】 任达；

【作者基本信息】 天津大学 ， 应用经济学， 2014， 硕士

【摘要】 当前,世界经济正在处在转型发展期,经济危机的发生带给我们的不仅仅是实体经济的改变,更重要的是要认识到转变经济发展方式和结构的重要性。从历史的角度看,经济的改革是从一个不符合的落后的状态,向着更加高效更加完善的角度迈进。加快经济结构的调整,大力发展科技,建设科技型创新型国家是我国当前的主要目标。科技型中小型企业已经成为我国经济结构转型升级的强大动力,但大部分科技型中小企业在其初创及发展过程中普遍面临融资难的问题。纵观历史,在这个转型的十字路口,我们既要积极借鉴国外的先进经验,例如“美国硅谷银行模式”,,同时更应该充分结合我国实际,开展科技金融创新,探索解决科技型中小企业融资难题的有效模式,。本文基于霍尔三维结构模型,按照主体维、时间维、知识维构建了一个用于科技型中小企业融资模式的体系,创造性的建立了一个科技金融综合服务平台将政府的政策与引导职能、金融机构的融资优势、PE/VC的资金资源以及中介机构专业服务的各主体维职能有机整合,并引入科技创业天使指数等专业知识维信息增信,实现了对科技企业从成果转化到上市并购的不同发展阶段的专业化、全方位、一站式服务。为真正有效解决科技型中小企业融资难问题提供参考。通过案例分析,我们可以确定该模式在市场实际环境中的可行性。当然,本次研究对于搭建平台的可行性分析较为充分,但模式的量化价值研究还有待于后续不断深入。更多还原

【Abstract】 Currently, the world economy is in a transition period of development, the economic crisis has brought to us not only the change of the real economy,more important is to recognize the importance of the transformation of economic development mode and structure. From a historical perspective, the economic reform is from incongruentwith backward state, stride forward to a more efficient and perfect angle. Accelerate economic restructuring,vigorously develop science and technology, and construct science and technology innovation-oriented country is China’s current main objective. Tech SMEhas become the driving force of China’s economic restructuring and upgrading. However, most tech SMEs in their start-up and development process generally faced financing problems. Throughout history, at the crossroads of this transition, we should not only actively learn from the advanced experience of foreign countries, such as the "Silicon Valley Bank”, but also carry out financial innovationsto explore effective modes to solve SMEs’ financing problems according to Chinese conditions.In this paper, thethree-dimensional structural model based on Hall, in accordance with the logical dimension, time dimension, knowledge-dimensional constructa system for Tech SME financing modeand creatively establishedacomprehensive service platform of technology and finance. This will be the integrated methods to combine the main function of each dimension including government policy and the guidance, financial institutions financing advantages, PE/VC financial resources and professionalintermediaries’ services. Moreover, the introduction of technology entrepreneurship“Angel Index" and other professional knowledge dimension implement the professional, all-around, one-stop service for tech enterprises from result transformation to different stages of development from the mergers and acquisitions. Also, providesthe Tech SME referencesto solve the financing issues. We can determine the feasibility of this pattern in actual market environment throughout case analysis. Certainly, this research did a complete analysis for the possibility of establishing platform. However, the quantitative value model is remained to be studied continuously in depth.更多还原