互助担保多期融资机制的构建及其分析

发布时间：2018-04-08 23:37

本文选题：中小企业融资　切入点：互助担保　出处：《南京财经大学》2014年硕士论文

【摘要】：中小企业融资难问题在我国愈发的突出,传统的各种融资方式都存在诸多问题,以企业集群为基础开展的互助担保融资能在许多方面避免传统融资模式的不足,是当前解决中小企业融资方式的较优选择。如何设计一套完善的机制,以保证互助担保组织能够在动态发展中为中小企业提供持续的资金支持,成为当前的紧迫课题。本文以构建互助担保多期融资机制解决中小企业的多期持续资金需求为目标,首先以互助担保单期融资模式发展存在的缺点与不足为依据提出构建互助担保多期融资机制的设想,并从政府政策支持、成员加入退出规则、多期资金来源、信息共享、风险管理、奖励惩罚等方面进行了详细的设计规划,以确保互助担保组织能够持续稳定运营；然后运用数学模型和动态博弈模型对互助担保多期融资机制进行分析,其中数学模型分析发现互助担保多期融资机制能有效缓解成员企业面临的资金困境,解决成员企业的多期持续资金需求,动态博弈模型分析发现互助担保组织内部信用环境的完善和社会资本的积累对其多期持续发展起着至关重要的作用；接着以前文研究为基础分析在我国开展互助担保多期融资的可行性问题,发现在我国开展互助担保融资具有较强的比较优势,而且现实条件也很符合；最后对互助担保多期融资模式的开展以及推广提出两大方面的政策建议：一是要发展中小企业集群,优化集群资源配置,二是要规范互助担保组织的运行,厘清政府的职责。
[Abstract]:The financing difficulty of small and medium-sized enterprises is more and more prominent in our country. There are many problems in traditional financing methods. Mutual guarantee financing based on enterprise cluster can avoid the deficiency of traditional financing mode in many aspects.It is the best choice to solve the financing mode of medium and small enterprises.How to design a perfect mechanism to ensure that mutual guarantee organizations can provide continuous financial support for small and medium-sized enterprises in the dynamic development has become an urgent issue.The purpose of this paper is to set up a multi-period financing mechanism for mutual guarantee to solve the multi-period sustainable capital needs of small and medium-sized enterprises.First of all, based on the shortcomings and shortcomings of the development of mutual guarantee single period financing model, this paper puts forward the idea of constructing the mutual guarantee multi-period financing mechanism, and supports from the government policy, members join the withdrawal rule, multi-period fund source, information sharing.In order to ensure the mutual guarantee organization can operate steadily and continuously, the paper analyzes the multi-period financing mechanism of mutual guarantee by using the mathematical model and dynamic game model, and carries on the detailed design plan in the aspects of risk management, reward and punishment, etc.The mathematical model analysis shows that the mutual-guarantee multi-period financing mechanism can effectively alleviate the financial dilemma faced by the member enterprises and solve the multi-period sustained capital needs of the member enterprises.The dynamic game model analysis shows that the improvement of credit environment and the accumulation of social capital play an important role in the sustainable development of mutual-aid organizations.Then based on the analysis of the feasibility of carrying out mutual-aid guarantee multi-period financing in China, it is found that the development of mutual-aid guarantee financing in China has a strong comparative advantage, and the actual conditions are very consistent;Finally, the author puts forward two major policy suggestions on the development and promotion of multi-period financing model of mutual assistance guarantee: first, to develop the cluster of small and medium-sized enterprises, optimize the allocation of resources in the cluster, and second, to standardize the operation of mutual guarantee organizations and clarify the responsibilities of the government.
【学位授予单位】：南京财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.4

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