Study On The Financing Mode Of Rural Small And Medium-Sized Enterprises

Our country is in an economic transition period, New countryside construction of our country are facing a series of problems:the low income of the farmers, the slowly development of agricultural, the imperfect security system of countryside. To solve these problems, it’s necessary to establish a long-term mechanism of countryside construction, the key is to develop SMEs and to create great circumstance for the development of the rural economy. The financing problem of rural small and medium-sized enterprises is perplexing. Rural system of direct financing of SMEs and the indirect financing system should be perfected, policies and laws are not completely, the social credit system is constructing. The rural small and medium-sized enterprises have existed some problems of themselves in the development; in the countryside financing channel is not smooth,can not get the offunds. Strengthening the research on financing mode of rural small and medium-sized enterprises has become the historical task in the current background of social economy.In this treatise, the integrated use of finance, economics, accounting, statistics and financial management and other related theories and research methods to extract and analyze the key factors affecting the rural small and medium-sized enterprise financing mode selection status. The specific research methods include:empirical analysis combined with normative analysis; quantitative analysis and qualitative analysis; static analysis and dynamic analysis of the combination.At first the treatise defines the concept of rural SMEs, financing mode, and then introduces the related theory of enterprise financing. Secondly, analyzed the development trend of rural SMEs and financing predicament, in addition, from the four aspects, years, legal education, the scale, the proportion of its own funds and funds gap of rural to analysis the SMEs financing mode selection. And then analyzed the factors affecting the choice of financing mode of rural SMEs from theory, on the basis of reference literature and data, established the Probit model and enterprises to conduct regression analysis by Eviews6.0software, find out the significant factors effect on the choice of the financing mode of the rural SMEs. Finally, through the above research and analysis, put forward by indirect financing and direct financing from two aspects of the path model of financing of rural SMEs put forward the innovation, indirect financing includes three aspects of the banking system, credit guarantee and informal financial innovation, direct financing methods include three aspects of risk investment, capital market and small and medium enterprises private debt innovation. At the same time, smooth financing channels, the establishment of a sound social and rural credit system for SMEs, laws and regulations of rural SMEs financing system, put forward a perfect solution to alleviate the financing of rural SMEs difficult problem.