创新型中小企业融资渠道研究
关键词： 创新型中小企业；融资渠道；融资结构；融资方式8649
Abstract
With China's deepening economic reform and opening up, foreign trade from the crazy to the steady development, but in recent years with rising labor costs, China's economy reached a critical transition phase, innovative SMEs the importance of entrepreneurship and innovation as the main decision innovative SMEs in the overall transformation of the entire Chinese economy in an important position. But innovative SMEs vulnerable monomers makes it difficult to obtain the required various resources. Including financing innovative SMEs as a constraint to innovation and growth of the most important key factor. Therefore, the analysis and exploration in favor of financing innovative SMEs research and model is now imperative. Make a variety of innovative SMEs financing needs are met become the future economic viability and sustained growth remain one of the keys. This is the starting point for this purpose to establish an innovative SME financing issues and channel the analytical framework. First introduced what is innovative SMEs and its current financing environment in which to do a simple analysis. Then, describe, compare and summarize the status of financing innovative SMEs and innovative SMEs financing structure and characteristics, based on the study of innovative SMEs is currently enjoying the difficult financing environment and finance factors. In this paper, a sample of innovative SMEs. The results show that our innovative SMEs in the different life cycle stages of the financing structure does not comply with the traditional financial growth cycle theory. The importance of various financing channels of different stages of growth innovative SMEs there is a very significant difference. And research data obtained through the network on the general characteristics of innovative SMEs finance research results as well as the problems faced by various channels comparative analysis. Same paper also summarizes innovative financing structure and financing of SMEs in the way SMEs and the general difference, ie pre-innovative SMEs more biased in favor of equity financing based. The venture capital in promoting innovative SMEs during early development and growth of SMEs in general played a relatively more important role. Based on empirical results and the last for innovative financing of SMEs gives the corresponding policy recommendations.