中小企业融资制度结构研究

Study of the Structure of Financing Institution for Small and Medium-sized Enterprises

中小企业融资困难并不是资金供给不足,而是资金供给制度结构与企业需求的制度结构不能对接。本文从产权结构、信用障碍、风险变数三个层面分析了中小企业融资需求结构形成的制度约束;从金融体制、融资中介、民融机构三个方面解剖了现行的为中小企业融资服务的融资供给结构的制度缺陷,并在此基础上通过进一步明确政府职能、创新融资方式、密切银企关系等途径,提出完善中小企业融资制度结构和优化中小企业融资环境的对策。

The financing problem for small and mediumsized enterprises does not come from the shortage of funds, but from the disagreement between the structure for funds supplying institution and that for the enterprise requirement institution.From the perspectives of property right structure,credit obstacle and risk variables, this paper explores the institutional restrictions originating from the financing requirements structure of small and mediumsized enterprises.From the angles of financial system,financial agency and nongovernmental financing organizations, it discusses the institusional limitations of the structure of financing supply, which is serving small and mediumsized enterprises . 0n this basis , the paper points to the necessity of further definiing functions of the governments,innovating financing approaches and building closer relationships between banks and enterprises so as to perfect the financing institution structure for small and mediumsized enterprises and optimize the financing environment