小微企业股权众筹的风险评估及防控策略研究

发布时间：2018-01-09 17:53

本文关键词：小微企业股权众筹的风险评估及防控策略研究　出处：《贵州财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：小微企业是我国民营经济中最具创新活力的增长点,在增加就业率、促进社会和谐、维护社会安定、加速科技成果向现实生产力转化等方面发挥着重要作用。因此,小微企业的健康发展对我国经济的稳定具有重要意义。随着互联网金融的发展,股权众筹自2011年引入我国以来,呈现爆发式增长。跟传统融资相比,股权众筹有着更为鲜明的特点,股权众筹所具有的融资成本低、门槛低、效率高、平台效应强的特点,为小微企业融资难等问题另辟蹊径,对建立多层次资本市场、推动经济结构转型具有重要的意义,作为传统融资方式的重要补充,成为促进小微企业发展的新动力。2015年国务院政府工作报告明确了开展为大众创新业务服务能力的股权众筹试点工作,提出增强众筹对大众创业创新的服务能力,并明确地制定了与众筹相关的一系列政策,为股权众筹在我国的发展提供了有力的支持。不过,股权众筹融资对于我国来说还是一个新事物,尚处于萌芽探索阶段,存在很多不足和缺陷,它的互联网特性使得小微企业开展股权众筹融资活动面临很大的风险。本文首先对小微企业、股权众筹的概念进行了介绍,分析了小微企业融资方式的同时,为股权众筹的优势做了铺垫,引出小微企业股权众筹这一概念,然后对我国小微企业股权众筹融资的发展情况和运营模式进行了简要介绍,通过从小微企业股权众筹三大主体的角度,从众筹平台方、投资方、小微企业方三方面剖析了小微企业股权众筹风险,并针对小微企业股权众筹目前的发展状况和主要风险,提出对策建议,以促进我国小微企业股权众筹业的健康发展,缓解小微企业融资困境。
[Abstract]:Small and micro enterprises are the most innovative growth point in the private economy of our country. They are increasing employment rate, promoting social harmony and maintaining social stability. Accelerating the transformation of scientific and technological achievements to real productivity plays an important role. Therefore, the healthy development of small and micro enterprises is of great significance to the stability of our economy. With the development of Internet finance. Since its introduction into China in 2011, crowdfunding has shown explosive growth. Compared with traditional financing, crowdfunding has more distinctive characteristics, with low financing cost, low threshold and high efficiency. The characteristics of strong platform effect for small and micro enterprises financing difficult to find a new way to establish a multi-level capital market and promote the economic structural transformation has an important significance as an important supplement to the traditional financing methods. In 2015, the government work report of the State Council made it clear to carry out the pilot project of mass equity financing for the innovative business service ability of the public. This paper proposes to strengthen the service ability of crowdfunding to the innovation of public entrepreneurship, and has clearly formulated a series of policies related to crowdfunding, which provides a strong support for the development of crowdfunding in China. Public financing of equity is still a new thing for our country, still in the embryonic stage of exploration, there are a lot of shortcomings and defects. The characteristics of the Internet make small and micro enterprises to carry out crowdfunding activities facing a great risk. Firstly, this paper introduces the concept of small and micro enterprises, equity crowdfunding, and analyzes the financing methods of small and micro enterprises at the same time. This paper paves the way for the advantages of crowdfunding, and introduces the concept of crowdfunding in small and micro enterprises, and then briefly introduces the development and operation mode of crowdfunding in small and micro enterprises in China. From the perspective of the three main parties of the small and micro enterprise equity crowdfunding, this paper analyzes the risk of public financing of small and micro enterprises from three aspects: the platform side, the investor side and the small and micro enterprise side. In view of the current development and main risks of crowdfunding in small and micro enterprises, some suggestions are put forward to promote the healthy development of public financing in small and micro enterprises and to alleviate the financing dilemma of small and micro enterprises.
【学位授予单位】：贵州财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F276.3;F832.51

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