Research On The Influencing Factors Of Small And Micro Enterprises Credit Line

Defined as the financing capacity of an enterprise from the banks,the line of credit reflect the complexity of the enterprises to get an loan.With the acceleration of economic globalization,the competition of innovation characterized by the self-R&D ability has become the leading factor of global economic expansion.And with the strong innovating incentive,professional R&D technology and the flexible developing mechanism,the scientific and technology-based enterprises have been an important support of the construction of the national innovation system.But the business of these enterprises are limited to some extent,mainly due to its own features such as light asset,high input and high risk.In spite of the high-growth prosperity of the scientific and technology-based enterprises,there still exist the problems of the lack of internal funding and the complexity of external financing,and the low line of credit has become the neck of bottom in the development of these enterprises.Based on the analysis and summarizing of the financial and non-financial factors of the scientific and technology-based small and micro enterprises,this paper is going to employ the system theoretic and empirical methods on the issue of the line of credit of these enterprises.We choose the research sample from the enterprises granted loans from the Science&Technology Branch of the Bank of Nanjing,using the indicators of the industry categorized,the growing mode,the existing period,the period of operation of the controller,the number of patents granted,the proportion of R&D input,the times of overdue credits,the total asset,the prime operating revenue,the asset-liability ratio and the growth rate of sales of the enterprises as the independent variables in the regressions.Finally,we propose the strategy for the scientific and technology-based enterprises to raise the line of credit based on the results of the research,including the improvement of the perspectiveness of decision-making,the proper arrangement of R&D input and the agile allocation of the funds.Besides,the result of the research is practically significant for the banks in the raising of the ability of evaluating scientific and technology-based enterprise,the innovation of service products and the construction of the bank-enterprise credit financing system matching the growing process of the scientific and technology-based enterprises.