The Advantages,Effects And Problems Of Small And Mid-Sized Technological Enterprise Financing On New Three Board

Small and medium-sized enterprises is an important part of our national economy,expanding employment,promoting social and economic development plays a more and more important role in the process.Small and mid-sized enterprise promote scientific and technological innovation,to promote rapid economic growth and played a more huge impetus role.The rapid development of science and technology to promote the economic development of today's effect is difficult to measure,small and mid-sized enterprise has become an important component of national economic development.However,financing of small and mid-sized enterprise has been a difficult problem for a long time,in the process of development,all kinds of small and medium-sized enterprises are facing the lack of funds,high cost of financing,financing channel less problems,seriously hinder the development of small and medium-sized enterprises.Build perfect multi-level capital market can help and support small and mid-sized enterprise funding.On January 16,2013,the national small and medium-sized enterprise stock transfer system is operational,marks the construction of OTC market in China has entered a new stage.New three board developed rapidly in recent years,small and mid-sized enterprise has become one of the most important financing platform.Establish a well-functioning and efficient financing mechanism to promote the combination of science and technology development and capital market development in our country,the development of small and mid-sized enterprise at different stages of a full range of financial support,is the important task of promoting development of science and technology industry.Then,the analysis of the effect of new three board for small and mid-sized enterprise financing need further research.Based on the sampling analysis,the systematic research methods such as DuPont analysis,this paper collected the new three board representative 30 companies,analyzed its financing effect and concluded.There are six sections in the article,the first chapter mainly introduces the paper research background and research object.The second chapter introduces general situation of domestic and foreign research status of OTC capital market.The third chapter embarks from the small and mid-sized enterprise financing difficulties,and introduces the new three board financing advantages.The fourth chapter selects representative enterprise to be financing effect analysis,for small and mid-sized enterprise in the new three board to evaluate the overall effect of financing effect,combined with the case of specific DuPont analysis of corporate finance.The fifth chapter puts forward the small and mid-sized enterprise in the new three board financing problems and suggestions.The sixth chapter is summary and outlook.