供应链金融对中小企业融资约束的影响

发布时间：2017-12-31 21:24

本文关键词：供应链金融对中小企业融资约束的影响　出处：《财会月刊》2015年26期 　论文类型：期刊论文

【摘要】：高融资约束阻碍了中小企业发展,而供应链金融作为支持中小企业融资的新途径,可能成为突破中小企业融资约束、降低企业融资成本的一个有效手段。本文以2005~2014年中小板上市企业截面数据为样本,建立FHP模型进行实证研究。研究表明,供应链金融业务的开展,能够缓解中小企业融资约束,可作为中小企业摆脱资金不足困境的替代性解决机制。再加上政府、银企、第三方物流企业共同合作,能充分发挥供应链金融的独特优势,促进中小企业健康发展。
[Abstract]:High financing constraints hinder the development of small and medium-sized enterprises and the supply chain finance as a new way to support the financing of small and medium-sized enterprises, may become a breakthrough in financing of small and medium-sized enterprises, an effective means for enterprises to reduce financing costs. The sample of Listed Companies in 2005~2014 section data of SME board, the establishment of FHP model for empirical research. The study shows that the supply of chain to carry out financial business, to ease the financing constraints of small and medium enterprises, alternative resolution mechanism can be used as small and medium-sized enterprises to get rid of the plight of lack of funds. Coupled with the government, the bank, the third party logistics enterprises cooperate, can give full play to the unique advantages of supply chain finance, promote the healthy development of small and medium-sized enterprises.

【作者单位】：江苏师范大学商学院;
【基金】：国家社科基金一般项目“中小企业集合年金制度构建研究”(项目编号:12BJY041)
【分类号】：F832.4;F274
【正文快照】： 一、引言近年来,我国经济发展势头良好,发展中小企业也是大势所趋。中小企业融资难的问题在2014年全国两会上再一次成为会议议题。据统计,截至2014年末,我国所有金融机构的贷款额高达86.76万亿元,2014年GDP约为63.65万亿元,各项贷款总额是GDP的1.4倍。虽然金融机构做了高额放

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