T公司融资难问题的案例分析

发布时间：2018-05-06 07:14

本文选题：中小企业 + 融资难　；参考：《辽宁工程技术大学》2013年硕士论文

【摘要】：本文通过对一家装修公司T公司的发展情况及融资难题的案例描述及分析,结合工作实践、专题调研及制度经济学相关理论的分析,指出影响中小企业融资的内在原因可以从交易成本、信息不对称及制度变迁的角度进行分析。从交易成本角度看,企业为获取银行贷款需要付出规范管理、失去逃避税收机会、对银行进行公关等方面的成本,可以用MM理论简单的解释其融资顺序是内源到外源,民间融资到银行贷款。从银行角度看,单笔贷款的成本基本和贷款额度关系不大,所以,贷款额度越小成本越高,所以,不愿意做中小企业业务。从信息不对称角度看,中小企业管理不透明,财务信息可信度差,很难获得高的资信评级,银行难以控制逆向选择及道德风险,所以不敢轻易开展中小企业业务。从制度变迁角度看,中围金融改革落后于市场经济改革,国有金融体制对中小企业的服务还需要长时间培育及制度的持续促进。但从中小企业融资环境的发展趋势看,中小企业融资有缓解的可能。在这些分析的基础上,对中小企业提升融资能力给出如下建议：中小企业应从融资管理的角度完善公司治理、加强财务管理、强化企业的内部控制机制、加强企业的投资及利润分配管理、重视财务管理人才培养、不断创新融资方法和渠道等方面自我完善；
[Abstract]:In this paper, through the development of a decoration company T company and financing problems of the case description and analysis, combined with work practice, special research and institutional economics related theory analysis, It is pointed out that the internal causes of SMEs' financing can be analyzed from the perspective of transaction costs, information asymmetry and institutional changes. From the point of view of transaction cost, enterprises need to pay standardized management to obtain bank loans, lose the opportunity to evade tax, and carry out public relations on banks. We can simply explain that the financing order is endogenous to exogenous with MM theory. Private financing to bank loans. From the bank's point of view, the cost of a single loan has little to do with the loan quota, so the smaller the loan amount, the higher the cost, and therefore unwilling to do small and medium-sized business. From the point of view of information asymmetry, SMEs are not transparent in management, poor in credibility of financial information, difficult to obtain high credit rating, difficult for banks to control adverse selection and moral hazard, so they dare not carry out business easily. From the perspective of institutional change, the financial reform in the middle and circumference lags behind the reform in the market economy, and the service of the state-owned financial system to the small and medium-sized enterprises still needs to be cultivated for a long time and continuously promoted by the system. However, from the development trend of SME financing environment, SME financing is likely to ease. On the basis of these analyses, the following suggestions are put forward for SMEs to enhance their financing ability: small and medium-sized enterprises should improve corporate governance, strengthen financial management, and strengthen the internal control mechanism of enterprises from the perspective of financing management. Strengthen the investment and profit distribution management of enterprises, attach importance to the training of financial management personnel, and constantly innovate financing methods and channels to improve themselves;
【学位授予单位】：辽宁工程技术大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.92

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