小企业融资缺口分析及对策研究

Research on equity gap of small enterprises and policy options

小企业在发展中通常会遇到市场难以解决的融资缺口问题 ,即借贷资金缺口与资本缺口。由于小企业规模较小 ,融资成本相对较高、信用担保机制缺乏以及企业自身“存活性”差等条件约束 ,引致小企业在有组织金融市场上的局部市场失效 ,市场融资难以有效形成 ,从而产生小企业的融资缺口。针对小企业存在融资功能的缺陷 ,应强化弥补融资缺口的金融支持政策 ,从法律法规层面加大对小企业的支持力度 ;建立完善的信用担保体系 ,形成小企业融资担保机制 ;规范小企业金融机构 ,构筑小企业融资体系 ;开发资本市场 。

The developing small enterprises usually fall into trouble of equity gap,which is of the loan fund gap and the capital gap.Owing to smaller scale,small enterprises have equity restricts such as high financial costs,lack of credence and low viability,all those result in partial failure of small enterprises financial market and holdback the forming of funds,which bring forth the equity gap of small enterprises.To the equity deficiency of small enterprises,the author points out the policy options and financial strategies to make up the equity gap of the small enterprises,such as supporting small enterprises from law aspects,upbuilding credence institution to form mechanism of finance on security,specifying small financial department to construct financial system,exploiting capital market to strengthen financial backup of small enterprises.