摘要
本文以小微企业调研数据为基础,分析传统和新兴融资方式对小微企业融资需求满足度的影响,研究发现:小微企业更青睐银行贷款,特别对大银行贷款有较强依赖性,但在与大中型企业信贷竞争中处于弱势。新兴融资渠道的小微企业信贷业务与银行贷款在数量上存在替代关系、在贷款对象选择上形成互补,但与小微企业融资需求的契合性不强。缓解我国小微企业融资困境需要政府、融资服务主体提供适应当前小微企业融资需求特点的信贷政策和信贷服务。
Using survey data from enterprises, the paper analyzes the impact of traditional and emerging financing sources on meeting the financing needs of small and micro enterprises. It is proved that bank loan is the preferred choice for small and micro enterprises, small and micro enterprises strongly depend on loans from banks, but have a weak position in competition with large and medium-sized enterprises in credit market. There exists a substitute relationship in loan amount and a complementary relationship in choosing borrowers between big banks and other emerging financing sources. However, emerging financing sources do not fit well with the financing needs of small and micro enterprises. To alleviate the financing difficulties of small and micro enterprises in China, credit policies and credit services which meet the financing needs of small and micro enterprises under the current situation should be provided.
作者
薛菁
XUE Jing(Finance and Accounting Research Center,Fujian Jiangxia University,Fuzhou 350108,China)
出处
《经济体制改革》
CSSCI
北大核心
2018年第6期144-149,共6页
Reform of Economic System
基金
福建省社会科学研究基地重大项目"不同担保模式下中小企业融资担保服务效率地区差异
有效作用区间与主导模式选择"(2015JDZ047)
关键词
新兴融资方式
小微企业
融资困境
emerging financing sources
small and micro enterprises
financing dilemma
