Research On Small-and-medium-sized Enterprises Accounts Receivable Mortgage Financing

Small-and-medium-sized enterprises(SMES) are an important part of the national economy,playing an irreplaceable role in the national economic development and social evolution. SMES are small scale, risky,difficult in financing,would be restricted in development.However,the SMES accumulate a considerable amount of account receivable during their development process.Making corporate use of the abundant account receivable will provide an efficient way to solve financing difficulties.Many banks and other financial institutions in China are not mature yet on the operation institution of account receivable financing business;the legislation of account receivable still needs complement,have some risks.Hence,the research on account receivable mortgage financing for SMES has important and practical significance.On the one hand,it is helpful to solve financing difficulties for SMES,which further develops them.On the other hand,it is also helpful for banks and other financial institutions to improve account receivable mortgage financing business and prevent risks effectively.Based on a large number of previous studies,With asymmetric information theory and game theory as the theoretical basis,Synthetically use comparative analysis,empirical analysis,system analysis and the method of multidisciplinary cross analysis,this thesis judges SEMS accounts receivable pledge financing as a whole,from the practical perspective,combined with the specific provisions,applied with the finance,law, accounting and other multi-disciplinary knowledge,closely sticks to the main line"SMES accounts receivable pledge financing",confirming concepts of pledge financing business of SMES,in-depth analyzes the mechanism of accounts receivable pledge financing,emphasizes the significance of accounts receivable pledge financing,investigates accounts receivable pledge financing situation in Chinese SMES from multiple perspectives.From the point of view- risk,This thesis further analyzes problems of accounts receivable pledge financing,and puts forward related measures and Suggestion to prevent risk.This thesis is divided into six chapters.The first chapter is the introduction,states the research’s purpose,significance,method and train of thought,innovation,and generalizes the related research literature. The second chapter expounds the role of account receivable mortgage financing business,analyzes the situation of account receivable pledge financing in China using a large amount of data and charts.The third chapter is related concepts,types, characteristics and operation mechanism.The forth chapter analyzes the risks that SMES may face when carrying out account receivable mortgage financing.The fifth chapter brings forward the measures of risk prevention to the risks referred to in the forth chapter.The sixth chapter is the conclusion,summarizes the writing intention and significance,points out the insufficiency,and is full of expectation on the development of accounts receivable pledge financing in the future.This paper has some innovation in the topic selection, research methods and research contents. Compared with the previous scholars, the topic selection is very restrictive, the combination of the pledge of accounts receivable financing and SMES have more practical significance; The research method base on finding the problem from the present situation to solve it which have more regulations and details. The content of comprehensive risk analysis and putting forward specific measures on, which make it more practical.