Research To The Influential Finance Factors Of Private Small And Medium-sized Enterprise

SMEs in promoting China’s economic growth, increase employment, improve the livelihood of the people play a huge role. Although in recent years, our government has issued a series of policies to support the development of small and medium enterprises, but for the private SMEs, still face funding difficulties, as a less developed economy central provinces-Hunan Province, the enterprise financing difficult problem especially.Small and medium-sized enterprises occupy an absolute majority of small and medium sized enterprises, compared with the already landing small plates, the gem and small and medium-sized enterprises, financing channels more narrow. Small and medium sized enterprises with their own internal financial system and management mechanism is not perfect, and the owners of owing on the loan will credit records are closely related, demand for capital, less short, frequency, fast characteristics. As the number of small and medium-sized enterprises accounted for absolute position in the enterprise, leading to the banks which want to set foot in the small and medium-sized enterprise loan business, but also worried about the high cost of management and credit risk. This paper is devoted to the study of factors affecting the financing of small and medium sized enterprises in Hunan Province, and puts forward the corresponding suggestions to solve the relevant problems, expect to effectively alleviate the problem of financing small and medium enterprises.This paper adopts a combination of qualitative and quantitative research methods, theoretical analysis and empirical analysis of a combination of. In the research on the financing of small and medium sized enterprises in Hunan Province in the loan, find the endogenous financing and the financial institutions as the main financing channels. Therefore, the empirical study is from the enterprise and Commercial Bank point of view to analyze the influence factors of the financing of small and medium enterprises. Empirical data from a large national commercial banks, Hunan province wide jurisdiction21unlisted SMEs credit2012annual report. Analysis software Eviews to establish the multiple regression model with measurement, empirical analysis of the enterprise scale, the relationship between banks and enterprises, debt paying ability, anti risk ability and asset liability ratio of five factors of small and medium sized enterprises financing in Hunan Province, and the regression results of private enterprise financing from the SMEs themselves, financial institutions such as banks and government three related departments to put forward specific opinions.