中小企业社会资本影响融资决策的机理分析

The Theoretical Analysis of Social Capital on SME Financing Decision

由于自身规模及经营能力的影响,中小企业依靠其实物资本及经营效果获取融资存在较大的阻碍,转而通过其所在的社会网络探索新的融资途径,因而中小企业的社会资本结构对融资影响的研究具有重要意义。在文献研究的基础上,结合中小企业的主要特征,将中小企业社会资本划分为关系、结构及政治关联三个维度,将融资决策划分为内向型及外向型融资决策。在此基础上,从理论角度分析社会资本对融资决策的影响机理,并建立起理论模型。

For the handicaps of physical capital and operational effects on financing, small and medium -sized enterprises （SME） relies more on social capital to acquire capital support, and related research has great significance. Based on literature review, this paper thinks SME social capital has 3 dimensions： the structural, relational and political dimension respectively; and financing decision has 2 dimensions： introversion and extroversion decisions. Related theoretical model which demonstrates structed. the relations of social capital and financing decision is constructed,