郑州市中小企业融资影响因素的实证分析

An Empirical Analysis of the Factors Influencing the Financing of Small and Medium-Sized Enterprises in Zhengzhou

改革开放以来,我国经济迅速发展,经济总量稳步提升,但是中小企业依靠自身发展相对乏力,不可避免地出现了由于自身规模有限、生产经营压力大等原因造成融资困难的问题。本文首先阐述了信息不对称理论、关系型借贷理论和信贷配给理论等关于中小企业融资的三大理论。然后以郑州市在新三板上市的150家企业的财务报表数据为依据,构建回归模型分析影响融资的主要因素,并根据得到的实证结果提出对策与建议。

Since the reform and opening up,China's economy has developed rapidly and the economic aggregate has increased steadily.However,SMEs relying on their own development are relatively weak,and inevitably there is a problem of financing difficulty due to reasons such as limited scale,large production and operation pressure.This paper first expounded the three theories about information financing of SMEs,including information asymmetry theory,relational lending theory and credit rationing theory.Based on the financial statement data of 150 enterprises listed in Zhengzhou on the New Third Board,the regression model was used to analyze the main factors impacting financing,and countermeasures and recommendations were proposed based on the empirical results obtained.