Study On The Financing Model Of Shanxi Cultural Industry

With the constant improvement of people’s material life, higher and higherdemands are raised on the spiritual life, which drives the development of culturalindustry, and attracts more and more attention from the academic circle. How topromote the development of cultural industry also turns to be the problem in the studyon cultural industry. The raising of fund is the most solid guarantee for the developmentof cultural industry, which cannot go smoothly if without the financial support.Consequently, seen from the development status of China’s cultural industry, thefinancing problem of the cultural industry is the most significant problem, but how toapply the capital appropriately is also the tough nut in the current cultural industrydevelopment industry. Shanxi Province is abundant in coal resources, and the industriesrelated to the coal also develop rapidly, but the cultural industry with the innovation asthe core is still weak in development. Therefore, combining the features of developmentof culture industry in Shanxi, appropriate financing mode can be selected foraccelerating the development pace of cultural industry in Shanxi. Hence, the study onthe financing mode of cultural industry is also of great significance in both theory andpractice.The stage theory of the financing mode for cultural industry is proposed on thebasis of the pecking order theory and industry life cycle theory, Conduct matchinganalysis for the different stages of the cultural industry and financing mode,and it pointsout that the financing mode dominated by internal financing and assisted by the ventureinvestment shall be adopted in the preliminary stage of the cultural industry, while thefinancing mode dominated by the debt financing shall be adopted in the growth stage ofthe cultural industry, and the financing mode dominated by the stock right financingshall be adopted in the mature stage of the cultural industry. The selections of thefinancial model in different stages of cultural industry are illustrated through the fuzzycomprehensive evaluation method of the financing efficiency. Shanxi cultural industryis divided into the preliminary stage according to the features, such as weak foundation,small production scale, insufficient innovative capability, etc. of Shanxi culturalindustry. Combining the stage theory of the financial model of cultural industry, itpoints out that Shanxi cultural industry shall take the financing model dominated by theinner-source financing and assisted by the venture investment. Flexible financing model is selected by combining the features of Shanxi Cultural industry. However, there arestill some financing difficulties in Shanxi culture industry, such as insufficientinner-source financial accumulation, lagged venture investment development, lowfinancial industry docking degree. Moreover, measures for breaking these difficultiesshall be taken, for instance, Shanxi cultural industry shall try to improve its value, guidethe risk investment development actively, and promote the docking of cultural industryand financial industry.The possible innovation point is that it proposes the stage theory of financingmodel of cultural industry. The stage theory of the financing model of cultural industryis proposed on the basis of the pecking order theory and industry life cycle theory,namely, appropriate financing model of industry cultural is selected by aiming at thedifferent features in the preliminary stage, growth stage and mature stage of culturalindustry. The efficiency of the financing model in different stages of cultural industry isevaluated with the fuzzy comprehensive evaluation method, and it also proves thecorrectness of the theory. On the analysis of shanxi cultural industry development,according to its stage characteristics match the right financing mode.