Effects Of Social Capital For Agricultural Processing Enterprises Of Small And Medium Bank Debt Financing Evidence From The SME Board Listed Companies Of Agricultural Products

Our country is a big agricultural country, due to the flour, fruits, vegetables and other agricultural products are necessities of people, their low price elasticity of demand, farmers rely solely on the trading of agricultural products and can not get to meet daily needs. There is an urgent need to continue processing for agricultural products. Most of China’s agricultural products processing enterprises are built on the urban fringe of small and medium enterprises, corporate pre- development funds mainly from private investment, the original capital accumulation is not high, more funds are derived from the later development of external financing. Moreover, China’s SMEs, especially family-like workshop of agricultural products processing enterprises due to the small, chaotic management constraints and other reasons caused their inferior position in the financial markets. Consider the perspective of banks and other financial institutions in risk aversion often reject or part of the loan is only available to SMEs, which obviously does not meet the development of SMEs. SMEs contribution to our national economy can not be ignored, the contribution of the total national economy accounted for the majority of SMEs, SMEs in the national economy, however, even with such a huge influence on the development of SMEs is repeatedly rebuffed Although the reform of our government on the development of SMEs made a lot of beneficial policies and proposals, but assistance and support to SMEs, but still can not meet the requirements of enterprise development, SMEs in China is facing increasingly serious problem of funding difficulties. Life-cycle of SMEs are generally shorter than most SMEs are short-lived, the reason for this phenomenon is not timely supply of funds and related companies.According to the theory of enterprise financing pecking first consider their accumulation followed by consideration of external financing. The main business is to obtain external funds through the issuance of stocks, bonds, etc., but because of the issue of corporate stocks and bonds requires high threshold, many SMEs still far from meeting the requirements can not issue shares or issue bonds. External sources of funding to SMEs mainly foreign borrowing. In the vast majority of SMEs borrowing funds from bank loans and private loans, which the bank loan is one of the important channels for SME financing its external funding. However, due to bank loans to SMEs audit procedures are complex audit process more demanding, many SMEs do not borrow money from banks needed for development, thus promoting the emergence of private lending objectively. As the private lending market is not standardized, creditors and the respective rights and obligations of the debtor can not be effectively guaranteed, indirectly affected the development of China’s financial markets. Scholars study on SMEs tend to focus on how to solve the problem of SME financing rare improving the capital structure by SMEs, such as the reform of the financial system, but from the perspective of corporate social capital to help small and medium enterprises financing difficulties, the current relevant research literature is relatively small, and the financing of SMEs in these studies from the perspective of the social capital literature, the vast majority of research is mainly focused on the theoretical analysis and empirical analysis from a quantitative point of view to study social capital financing for SMEs the impact of the theoretical literature is scarce. This paper studies the impact of social capital financing for agricultural products processing enterprises, and by calculating the data collection for agricultural processing companies listed on the SME board finishing with indicators of social capital and build a model of corporate debt financing through data model to study the impact of social capital on SME debt capacity calculations.In this paper, the study outset introduces the concept of social capital, debt financing for SMEs and corporate social capital theory on the relationship between debt financing for SMEs, and by studying the practical effect of social capital for SMEs, through acquisition and processing of agricultural products companies listed on the SME board a detailed analysis of the data. In the course of the study in the paper with a total score of the structural model, the article is divided into an introduction and a body in two parts. The first chapter is the conclusion of this study is part of the article focuses on the study of the significance of the subject and the background, and the problems that may be encountered in the course of the study. The second to the sixth chapter of the article as the main part of this article, the second chapter introduces the concepts simple social capital and SMEs, the third chapter focuses on the theory of social capital and SME financing funds and Analysis Ⅱ those interactions, Chapter IV presents the mathematical model and the model variables studied in this paper empirical analysis of the foundation Chapter, Chapter V is the top priority of this paper, the use of systems analysis spss model of social capital affect SMEs, Chapter VI is a summary of the article chapter summarizes the main results of empirical research and recommendations for SMEs in terms of accumulation of social capital and the inadequacies of the proposed research in this paper.