中小企业负债筹资的风险与防范策略

负债筹资策略是现代中小企业采取的一种有效的财务运营策略，有助于中小企业弥补自有资金不足的缺陷，提升企业利用借贷资金来获得财务杠杆收益的能力。文章阐述了中小企业负债筹资模式的内涵；从中小企业决策层及员工对负债筹资风险防控意识不足、企业内部关于负债筹资信息共享水平不足、企业负债筹资决策效能不足及企业负债筹资风险预警系统建构缺陷等方面揭示了诱发中小企业负债筹资风险的若干风险要素；提出了明晰中小企业负债筹资决策目标、改善中小企业负债筹资决策方法、建立中小企业负债筹资风险的问责机制及健全中小企业防控负债筹资风险的预警机制等有效对策。

As an effective strategy of financial operations of modern SMEs （small and medium-sized enterprises）, debt financing strategycan help SMEs to make up the shortfall in funding and improve the ability of gaining financial leverage incomes with the use of the loan fund. The article will explain the meaning of the debt financing mode adopted by SMEs. Then, it will reveal several factors for the debt financing risks of SMEs in various aspects, such as the decision - making level of SMEs, employees＇ insufficient awareness of risk management of debt financing, low level of information sharing of debt financing within the enterprise, the lacking efficiency of debt financing decisions and the construction defect of the early -warning risk system of debt financing. Finally, it will put forward the following effective methods to help the SMEs, including specifying the objective of debt financing decision, improving the decision- making method of debt financing, establishing accountability mechanism of debt financing and improving a sound early - warning mechanism to prevent debt financing risks.