中小企业集合资金信托融资研究
发布时间：2018-09-14 07:24
【摘要】：中小企业融资难一直是困扰金融市场及广大学者多年的难题。国内外学者针对其原因做了详尽的论述,提出过许多解决办法。市场也陆续推出了中小企业集合债、中小企业集合票据等中小企业融资工具,但是由于种种原因,并没有很好的解决中小企业融资难题。近两年,中小企业老板跑路、民间借贷恶性事件、大批中小企业破产等问题的报道让中小企业融资难题成为亟待解决的问题。2012年中小企业私募债的发行再次将中小企业融资问题推向社会各界的目光焦点。什么样的融资产品才是中小企业的最优选择,什么样的融资模式才最适合中小企业?基于此种环境及思考,本文从集合资金信托的角度探讨了中小企业融资模式。第一章绪论部分分析总括了学术界关于中小企业融资难问题及集合资金信托的研究成果,并介绍文章的主要研究内容及研究方法。第二章从中小企业融资现状入手,详尽分析了中小企业融资需求特征,并论述了不同企业类型及不同企业发展阶段是如何影响这种需求的。然后对集合资金信托融资特点进行分析,发现其与中小企业存在诸多契合点。接着,将当下几类典型的中小企业融资产品进行比较。得出结论,中小企业集合资金信托具有优势性,坚持探索其融资模式及产品设计具有重要意义。第三章具体分析几类中小企业集合资金信托的融资模式,并进行其优势分析、风险揭示、流程设计。第四章对近年集合资金信托现状进行统计分析,并对各种类型的中小企业集合资金信托融资模式进行了案例分析,然后对中小企业集合资金信托产品现状进行了总结,分析了市场上已有的中小企业集合资金信托产品存在的缺陷。第五章在前四章的基础上对中小企业集合资金信托产品创新提出了探索性意见,针对投资对象的选择、资金运用方式、信用增级方式等方面具体提出了改进意见。 本文的创新之处在于：针对集合资金信托,从中小企业资金需求的适配性和外部比较优势性两方面确定了探索集合资金信托融资模式及产品设计的重要性。对中小企业集合资金信托产品进行了案例分析,指出了其现在存在的问题及可改进的地方。对如何创新中小企业集合资金信托融资给出了具体的建设性意见。
[Abstract]:The financing difficulty of small and medium-sized enterprises has been puzzling the financial market and scholars for many years. Scholars at home and abroad have made a detailed discussion of its causes, and put forward many solutions. The market has also introduced SME aggregate debt, SME collective notes and other SME financing tools, but due to various reasons, there is no good solution to SME financing problems. In the past two years, the bosses of small and medium-sized enterprises have run the road, and the vicious incidents of private lending have occurred. A large number of reports on the bankruptcy of small and medium-sized enterprises have made the financing problems of small and medium-sized enterprises urgent to be solved. The issue of private equity debt for small and medium-sized enterprises in 2012 once again pushed the issue of financing of small and medium-sized enterprises to the attention of all walks of life. What kind of financing products is the best choice for SMEs, what kind of financing model is the most suitable for SMEs? Based on this kind of environment and thinking, this paper discusses the financing mode of small and medium-sized enterprises from the angle of pooled fund trust. The first chapter introduces the main research contents and methods of the research on the financing difficulties of small and medium-sized enterprises and pooled funds trust. The second chapter starts with the current situation of SME financing, analyzes the characteristics of SME financing demand in detail, and discusses how different types of enterprises and different stages of enterprise development affect this demand. Then, the characteristics of pooled fund trust financing are analyzed, and it is found that there are many points of convergence with small and medium-sized enterprises. Then, several typical SME financing products are compared. The conclusion is that SME pooled fund trust has advantages, and it is of great significance to explore its financing mode and product design. The third chapter analyzes the financing mode of several kinds of SME pooled fund trust, and analyzes its advantages, risk disclosure and process design. The fourth chapter makes a statistical analysis on the current situation of pooled fund trust in recent years, and analyzes the various types of SME pooled fund trust financing model, and then summarizes the status quo of SME pooled fund trust products. This paper analyzes the defects of the existing SME pooled fund trust products in the market. On the basis of the first four chapters, the fifth chapter puts forward the exploratory opinions on the innovation of small and medium-sized enterprises' pooled fund trust products, and puts forward some specific suggestions on the choice of investment object, the mode of using funds, the way of credit enhancement, and so on. The innovation of this paper lies in: aiming at the pooled fund trust, this paper determines the importance of exploring the financing mode and product design of the pooled fund trust from two aspects: the adaptation of the capital demand of small and medium-sized enterprises and the external comparative advantage. A case study on the trust products of small and medium-sized enterprises is carried out, and the existing problems and improvements are pointed out. This paper gives some constructive suggestions on how to innovate the trust financing of small and medium-sized enterprises' pooled funds.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.49;F276.3
本文编号：2241982
[Abstract]:The financing difficulty of small and medium-sized enterprises has been puzzling the financial market and scholars for many years. Scholars at home and abroad have made a detailed discussion of its causes, and put forward many solutions. The market has also introduced SME aggregate debt, SME collective notes and other SME financing tools, but due to various reasons, there is no good solution to SME financing problems. In the past two years, the bosses of small and medium-sized enterprises have run the road, and the vicious incidents of private lending have occurred. A large number of reports on the bankruptcy of small and medium-sized enterprises have made the financing problems of small and medium-sized enterprises urgent to be solved. The issue of private equity debt for small and medium-sized enterprises in 2012 once again pushed the issue of financing of small and medium-sized enterprises to the attention of all walks of life. What kind of financing products is the best choice for SMEs, what kind of financing model is the most suitable for SMEs? Based on this kind of environment and thinking, this paper discusses the financing mode of small and medium-sized enterprises from the angle of pooled fund trust. The first chapter introduces the main research contents and methods of the research on the financing difficulties of small and medium-sized enterprises and pooled funds trust. The second chapter starts with the current situation of SME financing, analyzes the characteristics of SME financing demand in detail, and discusses how different types of enterprises and different stages of enterprise development affect this demand. Then, the characteristics of pooled fund trust financing are analyzed, and it is found that there are many points of convergence with small and medium-sized enterprises. Then, several typical SME financing products are compared. The conclusion is that SME pooled fund trust has advantages, and it is of great significance to explore its financing mode and product design. The third chapter analyzes the financing mode of several kinds of SME pooled fund trust, and analyzes its advantages, risk disclosure and process design. The fourth chapter makes a statistical analysis on the current situation of pooled fund trust in recent years, and analyzes the various types of SME pooled fund trust financing model, and then summarizes the status quo of SME pooled fund trust products. This paper analyzes the defects of the existing SME pooled fund trust products in the market. On the basis of the first four chapters, the fifth chapter puts forward the exploratory opinions on the innovation of small and medium-sized enterprises' pooled fund trust products, and puts forward some specific suggestions on the choice of investment object, the mode of using funds, the way of credit enhancement, and so on. The innovation of this paper lies in: aiming at the pooled fund trust, this paper determines the importance of exploring the financing mode and product design of the pooled fund trust from two aspects: the adaptation of the capital demand of small and medium-sized enterprises and the external comparative advantage. A case study on the trust products of small and medium-sized enterprises is carried out, and the existing problems and improvements are pointed out. This paper gives some constructive suggestions on how to innovate the trust financing of small and medium-sized enterprises' pooled funds.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.49;F276.3
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，本文编号：2241982
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