The Study On The Evaluation Of The Financing Efficiency For Anhui's Private Small And Medium-sized Enterprises

Private SMEs in China has made a considerable progress, and it also has made tremendous contributions for the development of China's national economy and the improvement of people's living standard. However, we should recognize that there are many contradictions and problems which the private SMEs can't overcome themselves in the process of development. Difficulty in financing is one of the key issues which restrain the development of private SMEs more than other. From the point of a deeper view, this actually reflects the poor efficiency of the private SMEs' financing and companies can't raise funds according to their own needs of development and the objective of maximizing enterprises' value. Anhui province want to rise from central region, private enterprises must be an important force to stimulate the province's economy. How to broaden the financing channels for private SMEs, establish the policy service system in accordance with the actual situation of Anhui province and improve the financing efficiency for private SMEs will be the most urgent tasks to promote Anhui's economic development.Under this background, according to the actual situation of the private SMEs, this paper proposes a new connotation in line with its characteristics for the financing efficiency. Generally considering the six factors which impact financing efficiency of private SMEs and using the analytic hierarchy process method and grey relational evaluation method, this article constructs a comprehensive evaluation model for financing efficiency and uses it to evaluate several major financing methods which is suitable for private SMEs of Anhui, then we take advantage of the investigation data to test evaluation results. Meanwhile, based on the status quo of financing efficiency of the private SMEs in Anhui and combined with the evaluation results, we propose some countermeasures and suggestions to improve the financing efficiency for Anhui's private SMEs. Finally, the paper points out the main work and conclusions, as well as the lack of the research and follow-up prospects.