对小企业外部融资渠道的理论探讨

Theoretical Study on External Financing Channels for Small Businesses

小企业融资是一个世界难题,我国的小企业面临更为严重的融资约束。受次贷及欧债危机影响,国家政策对小企业金融支持的效果也进一步凸显,我国小企业的融资及生存情况令人堪忧。结合相关研究文献,针对小企业的外部融资渠道展开理论探讨,对小企业银行信贷、民间金融、商业信贷的国内外最新研究及我国的实际发展情况进行系统梳理,提出建立第三方信用信息提供机构、加强政府干预、发展和完善小企业信用担保体系的建议,以缓解小企业融资约束难题。

Financing dilemma for small business is a world problem while China＇ s small businesses face more serious financing con- straints. Affected by the subpfime mortgage crisis and European debt shock, together with the effect of the national policy on their fi- nancial support to be further highlighted, financing and survival condition of domestic small businesses are both of great concerns. By re- ferring to related latest research literature and China＇ s actual development, this paper extends theoretical discussion on external finan- cing channels for small businesses, including bank credit, private financing and commercial credit. At last, three suggestions are pro- posed to ease financing constraints confronted by small businesses, regarding to the establishment of a third - party credit information providers, strengthening government intervention, development and improvement of credit guarantee system for small businesses.