基于互联网的小微企业融资研究

发布时间：2018-06-10 17:13

本文选题：网络融资 + 小微企业　；参考：《山东财经大学》2015年硕士论文

【摘要】：目前,我国经济发展结构性矛盾日益突出,小微企业逐步成为经济增长新引擎。因此,政府提出构建普惠金融体系,使金融服务惠及包括小微企业、农户、城市低收入群体在内的弱势群体。当前,网络融资进入繁荣发展阶段,对破解小微企业融资困境具有天然优势。本文对基于互联网的小微企业融资进行研究具有现实与理论的双重意义。一方面,网络融资平台可以有效解决小微企业融资中的信息不对称及抵押难题,降低交易成本、分散风险、扩大金融服务覆盖面,是破解小微企业融资问题的首选方式。另一方面,小微企业网络融资是一个新兴事物,国内外对其研究较少,本文将小微企业融资与网络融资相结合,研究角度新颖,选择的切入口较小,便于深入研究。本文采取了比较分析法,对国内外网络融资模式进行对比研究。国际上,小微企业网络融资模式发展较早,得益于其完备的信用体系积累了丰富的运营经验,网络融资监管环境较为宽松及政府的支持。世界上首个网络融资平台出现在英国,2010年成立在线票据交易市场-Marketlnvoice。富国银行凭借其强大的网络信息技术打造了美国最完备的网银服务系统,发展成为美国小微信贷业务排名首位的银行,美国的Lending club现已发展为全球第一大网络融资机构。近期,我国小微企业网络融资发展迅速,出现了多种平台模式,包括网络循环贷-工商银行“网贷通”,电商和商业银行合作-“阿里贷款”网络联保,阿里小贷及拍拍贷、宜信等融资平台。本文还采用定性分析与定量分析相结合的方法,借助拍拍贷网站上实时更新的数据,定期摘取连续多个时日的借贷数据,对影响出借人投标意愿的因素进行实证研究,并创新性地将单位贷款进度作为因变量,很好地拟合了借款利率、借入与借出信用、借款期限等自变量与因变量的因果关系,从而进一步研究了影响我国网络融资机构成长的因素。本文通过对各类网络融资平台的理论与实证分析及对国外小微企业网络融资发展的经验借鉴,研究发现我国小微企业网络融资的发展存在一系列问题,我国的信用环境不健全,网络融资平台管理及各项交易机制不完善,网络融资法制环境不健全。就上述问题,论文从四个方面提出对策建议:健全法律监管机制,创新风险控制机制,完善个人与企业信用体系,加大政府对网络小微融资的扶持力度。
[Abstract]:At present, the structural contradiction of China's economic development is increasingly prominent, small and micro enterprises gradually become a new engine of economic growth. Therefore, the government proposes to build an inclusive financial system so that financial services can benefit the vulnerable groups, including small and micro enterprises, farmers and urban low-income groups. At present, the network financing enters the prosperous development stage, has the natural superiority to solve the small and micro enterprise financing predicament. In this paper, the study of small and micro-enterprise financing based on the Internet has both practical and theoretical significance. On the one hand, the network financing platform can effectively solve the information asymmetry and mortgage problems in the financing of small and micro enterprises, reduce transaction costs, disperse risks, expand the coverage of financial services, and is the preferred way to solve the financing problems of small and micro enterprises. On the other hand, the network financing of small and micro enterprises is a new thing, and there is little research on it at home and abroad. This paper combines the financing of small and micro enterprises with network financing, the research angle is novel, the choice of access is small, which is convenient for further study. This article adopts comparative analysis method, carries on the contrast research to the domestic and foreign network financing pattern. Internationally, the network financing model of small and micro enterprises developed earlier, thanks to its complete credit system has accumulated a wealth of operational experience, the network financing regulatory environment is relatively loose and the support of the government. The world's first online financing platform emerged in the UK, setting up an online paper trading market in 2010-Market lnvoice. Wells Fargo has built America's most complete online banking service system with its powerful online information technology, and has become the No. 1 bank in America's microfinance business, and Lending club is now the world's largest online financier. Recently, the network financing of small and micro enterprises in our country has developed rapidly, and there have been many platform models, including network circulation loan-ICBC "NetloanLending", e-commerce and commercial bank cooperation-"Ali loan" network protection, Ali small loan and PPDAI, E-letter and other financing platforms. This paper also uses the method of qualitative analysis and quantitative analysis, with the help of the real-time updated data on PPDAI website, periodically extracts the loan data for a number of consecutive days, and makes an empirical study on the factors that affect the willingness of the lenders to bid. And creatively regard the progress of unit loan as dependent variable, and fit the causality between independent variable and dependent variable, such as borrowing interest rate, borrowing and lending credit, loan term and so on. Thus, the factors that affect the growth of China's network financing institutions are further studied. Through the theoretical and empirical analysis of various kinds of network financing platforms and the experience of the development of small and micro enterprises in foreign countries, this paper finds out that there are a series of problems in the development of network financing of small and micro enterprises in China, and the credit environment of our country is not perfect. The network financing platform management and each transaction mechanism is not perfect, the network financing legal environment is not perfect. In view of the above problems, the paper puts forward countermeasures and suggestions from four aspects: perfecting the legal supervision mechanism, innovating the risk control mechanism, perfecting the credit system of individuals and enterprises, and increasing the government's support to the network micro-financing.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F276.3;F724.6;F832.4

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