我国小微企业股权众筹融资问题研究

发布时间：2018-04-17 08:25

本文选题：小微企业 + 股权众筹　；参考：《内蒙古财经大学》2017年硕士论文

【摘要】：无论是国外还是国内,小微企业融资难一直是普遍的问题。小微企业在我国的数量庞大占总企业数的94%,提供的就业岗位多,其产生的价值占国内生产总值的65%,但它能支配的金融资源却不足50%,明显的资源配置不均衡,所以小微企业需要新的融资方式。伴随着互联网技术的成熟,特别是网上支付、云计算等的突起,金融业发生了翻天覆地的变化。互联网金融比传统金融有成本低、效率高、开放性的优势,使之成为小微企业融资的一个有利选择。股权众筹作为一种互联网金融的新的融资模式在全世界的发展特别迅速,美国已经于2012年出台了与股权众筹相关的法案,规定了投资者、发行者和众筹平台的义务,旨在解决美国创业企业的融资困境和推动美国经济发展。我国在2011年第一家众筹平台上线后,也相继推出了关于股权众筹的相关规定。据统计2013年以前众筹成功筹资金额为3.35亿,到2014年增长到21.58亿元,2015年众筹成功筹资金额为114.24亿元。事实证明,股权众筹深受广大投资者和筹资者的欢迎,尤其在解决小微企业融资难的问题上发挥了显著的作用。在我国经济处于中高速增长、产业结构调整进入攻坚深水区时,技术创新将会是新常态下的新的经济增长点,十八大的会议精神要求我们把大众创新、万众创业的工作积极地、热火朝天地开展起来,说明我们党和国家充分认识到创新的重要意义。金融的创新直接关系到经济的增长,股权众筹作为一种制度上的创新,更使得人类进入协同共享的社会,对我国经济发展的作用更是不容忽略。本文旨在为我国小微企业融资难的问题提供一种新的解决方式,并且全面界定股权众筹的概念,包括股权众筹的定义、要素、特征、运行模式、融资优势等。在此基础上收集整理数据分析国内外众筹的发展现状和法律规范,进一步对我国众筹的成功案例进行细致研究,得出股权众筹在解决小微企业融资难问题的优势,并且分析了我国小微企业股权众筹融资所面临的多种风险,进而提出相应的风险防范策略和政府监管建议,实现我国小微企业能够通过股权众筹彻底解决融资难的问题。
[Abstract]:Whether at home or abroad, small and micro-enterprise financing has been a common problem.The large number of small and micro enterprises in our country accounts for 94% of the total number of enterprises, providing more jobs and generating 65% of the GDP, but it has less than 50% of the financial resources at its disposal, and the allocation of resources is obviously not balanced.So small and micro enterprises need new financing methods.With the maturity of Internet technology, especially online payment, cloud computing and so on, the financial industry has undergone earth-shaking changes.Compared with traditional finance, Internet finance has the advantages of low cost, high efficiency and openness, which makes it a favorable choice for small and micro enterprises.As a new mode of financing for Internet finance, crowdfunding has been developing rapidly all over the world. In 2012, the United States has introduced a bill relating to stock crowdfunding, which sets out the obligations of investors, issuers and crowdfunding platforms.The aim is to solve the financing dilemma of American startups and promote the economic development of the United States.After the first crowdfunding platform was launched in 2011, China has also introduced the relevant provisions on crowdfunding.According to statistics, the amount of successful crowdfunding was 335 million before 2013 and 2.158 billion yuan by 2014, and 11.424 billion yuan in 2015.Equity crowdfunding has proved to be popular among investors and financiers, especially in solving the financing difficulties of small and micro enterprises.When China's economy is growing at a medium and high speed and the adjustment of the industrial structure is entering a tough and deep water area, technological innovation will be a new economic growth point under the new normal state. The spirit of the 18th National Congress requires us to actively promote the work of mass innovation and mass entrepreneurship.The hot development shows that our party and country fully realize the importance of innovation.The innovation of finance is directly related to the economic growth. As a kind of institutional innovation, the stock rights crowdfunding, as a kind of institutional innovation, makes the human beings enter into the society of cooperation and sharing, and the effect on the economic development of our country should not be ignored.The purpose of this paper is to provide a new way to solve the problem of financing difficulties of small and micro enterprises in China, and to define the concept of crowdfunding, including the definition, elements, characteristics, operation mode, financing advantages and so on.On this basis, collect and sort out the data and analyze the development status and legal norms of crowdfunding at home and abroad, and further study the successful cases of crowdfunding in China, and obtain the advantages of crowdfunding in solving the financing difficulties of small and micro enterprises.It also analyzes the various risks faced by public financing of small and micro enterprises in China, and then puts forward corresponding risk prevention strategies and government supervision suggestions, so as to realize that small and micro enterprises in China can thoroughly solve the problem of financing difficulties through stock rights crowdfunding.
【学位授予单位】：内蒙古财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F276.3

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