摘要
民营企业深陷融资饥渴囹圄早已为世人普遍认知,归真堂两次折戟公开市场融资或揭业务持续性的重要性,同时,近年来异军突起的PE资本极大拓宽了民营企业融资渠道,但若PE仅为短期套现进入企业,非但不能解决民营企业融资饥渴,反而将加剧企业经营困难。此外,处于不同成长期的民营企业将表现出不同症状的融资饥渴,有必要明确不同融资来源、资金类别的特有属性,从而更好对症下药,解决现阶段我国民营企业融资饥渴症。
It is well known that many private enterprises have financing thirst.The two failures of Guizhentang in public market financing prove the importance of the continuity of financing business.At the same time,the newly-emerged PE capital has widened the financing channel of private enterprises.But if it is used as short-term cashout method,it will probably intensify the operational difficulties of these enterprises instead of quenching their financing thirst.Besides,private enterprises in different developing periods will have different kinds of financing thirsts,thus the features of different financing sources and funds are analyzed in this paper so that different measures can be taken to solve the problems.
作者
李丽萍
LI Li-ping(International School of Financial Law, East China University of Political Science and Law, Shanghai 200042, Chin)
关键词
民营企业
融资饥渴症
归真堂
PE
private enterprise
financing thirst
Guizhentang
PE（Private Equity）
