Research On The Financing Of Small And Medium Enterprises

The world economy is facing a more severe downward pressure,governments around the world are trying to find a new economic growth point.Under this background,the development of small and medium enterprises is getting more and more attention.It is the direction of the efforts of governments and academia that to improve the financing environment of small and medium enterprises,to help small and medium enterprises to innovate and develop.Governments are trying to change the financing channels of small and medium enterprises,high financing costs and other issues.In view of China's late-started capital market,the system development is not perfect the basic national conditions,small and medium enterprises in China still rely on the main channels of indirect financing,which mainly depends on commercial bank loans.Because of the existence of information asymmetry,small and medium enterprises are facing the credit rationing of commercial banks,in the credit game with commercial banks.Based on the theory of information asymmetry,this paper analyzes the financing difficulties of small and medium-sized enterprises,and puts forward some measures to alleviate this problem from the aspects of small and medium enterprises,financial institutions and government policies.