小微企业融资渠道选择及其影响因素研究——基于湖南省115份样本的调查

Factors influencing the choice of the small and micro-enterprises' financing channels: Based on the 115 samples in Hunan

融资渠道的选择对小微企业的风险防范和持续发展具有重要的作用。运用湖南115家小微企业的实地调查数据,采用Logit模型对小微企业的融资渠道选择行为的影响因素进行了回归分析,发现企业规模、企业经营年限、企业盈亏状况和企业管理者文化程度对小微企业选择正规融资渠道显著正相关,而与企业管理者年龄的相关性不显著。

The choice of financing channels plays an important role in risk prevention and sustainable development for the small and micro-enterprises. In this paper, based on the survey data of 115 small and micro- enterprises in Hunan province, we used the Logit model to conduct regression analysis for the factors influencing the choice of the small and micro-enterprises financing channels. The results showed that finn size, business operation life, status of profit and loss and the business manager＇s degree of education had significantly positive impact on small and micro-enterprises when selecting the regular financing channels, while the impact of the managers＇ age was not obvious.