The Research Of Small And Medium-sized Enterprises Financing

Small and medium-sized enterprise (SME) is very important in development of our economy, but it still face so much restriction factors that can't be neglected, such as the technical backwardness, the information unenlightened, the marketing ability weakness, the talented person lacks and the market entry threshold highness, etc. The most prominent is financing difficult, that has become to be the bottleneck restricting the SME develops.We must analyze the dept reason of the difficult in SME financing to solve the problem. The theoretic research to SME financing difficult looked for reason in the external environment which the SME faces. They thought that it mainly because of the existing financing system is imperfect, and can't adapt to SME capital demanding. Actually, this is only one aspect of the problem. We can't deny the restraint of external environment to SME financing, and more to be the SME own system flaw, as well as much non-standard or violating the market economy request behavior. That is the most important reason which makes SME financing difficult at present.This article embarks from the enterprise's own angle, thought it should be emphatically considered from the aspect of enterprise financial governance which solve the SME financial difficult. The financial governance is an important constituent which the enterprise governs. Standard financial governance can control the budget in enterprise production, reduce the enterprise operating risk, enhance the enterprise grade of credit and expand the enterprise's financial ability. The enterprise financial governance is closely linked to the financial ability. To sharpen the SME financial ability, we must introduce the new pattern of financial governance, practically carry out each kind of measure, standard the financial governance system and enhance the enterprise's grade of credit.The capital and the governance are complements one and another. Suitable financial governance structure and financial rights flowing operation are important conditions to the enterprise's success. This article thought that, we should construct a new pattern of SME financial governance structure, establish an exterior governance structure to SME, disposition financial rights reasonably, accumulate capital and expand at right moment, optimize financial structure and coordinated to the governance structure.