Research About The Impact Of Regional Financial Resources On SMEs Financing

With the national "Internet +" "public entrepreneurship,innovation" and other strategies gradually in-depth,small and medium enterprises(SMEs)which has occupied China’s leading position are ushering a good opportunity in the development of transformation.However,the poor financing situation has always been a serious obstacle to the development of SMEs,which is not only due to the development of SMEs themselves seriously affect their internal financing capacity,but also because of economic,financial,policy support and a series of uncontrollable external environment affects its external financing capacity.Internal and external financing are limited which lead to SMEs have difficulty in developing.Firstly,this paper studies the external financing environment and financial resource theory of the regional differences in the financing situation of SMEs from the theoretical point of view,and points out the external factors(financial resources)which affect the financing of SMEs on the basis of the two theories.Secondly,it analyzes the distribution of regional financial resources and the development of SMEs in China.On the basis of this,from the empirical point of view,this paper choose the small and medium-sized enterprises in the industrial enterprises above designated size as the research samples,through the construction of the panel model of regional financial resources distribution and SMEs financing,in order to verify whether the regional financial resources distribution has an impact on corporate finance.The empirical results show that the financial resources have a positive impact on the financing of SMEs.The influence of different regions is different depending on the amount of regional financial resources,and the influence of different monetized financial resources on SMEs financing is different.The financial resources of the eastern region are relatively abundant and abundant financial resources provide sufficient development funds for the local SMEs.In the middle and western regions because of the shortage of financial resources,the existing financial resources can not meet the needs of local SMEs Capital requirements,to a certain extent,restricted the development of SMEs in the westernregion.This paper puts forward some suggestions on how to improve the utilization ratio of financial resources,increase the stock of financial resources and balance regional financial resources,hoping to gradually narrow the gap between the distribution of financial resources and the utilization ratio of financial resources,and then narrowing the difference between SMEs financing.