Research On Financial Legal Environment Relieve Enterprise Financing Constraint

Financial environment under the rule of law is one of the core elements of financial ecology,has important significance to the regional financial market development.Perfect financial rule of law to protect investors’ property rights,protection of creditor’s rights,maintain the normal financial order,effectively curb loan fraud and rejecting financial creditor’s rights and to prevent the positive role.To enhance the development of the regional financial markets,alleviate enterprise financing constraints lay the foundation.The existing studies of financial law basically carry on the theory of "law and finance",the theory is that the construction of financial law can improve the ability of enterprises to obtain financing,to promote regional financial development.But based on the development of China’s special political,economic,environmental,to strengthen the construction of financial environment under the rule of law is not really can have the effect of ease the financing constraints,and the research to our country enterprise financing affect the mechanism of action is very necessary.China is actively promoting the rule of law construction and the reform of financial system,puts forward the strategy of governing the country according to law in an all-round way,with the method of financial research is particularly far-reaching significance to China’s financial development.This paper mainly studies the improvement of the financial law environment from which aspects can improve enterprise’s financing constraints,the influence to deeply explore the mechanism of action.Based on "law and finance theory" in the financial law,the importance of the construction of legal system and around the economic development of our country’s reality,the basic national conditions,this paper used the release of the Chinese academy of social sciences in China’s regional financial ecological environment evaluation of the evaluation of the regional financial law environment data analysis of the financial situation and existing problems of the construction of the rule of law in our country,finally in order to verify the applicability of the theory of "law and finance" in our country,using with different study Angle,to distinguish between different enterprises in the ownership and scale to verify financial environmental mitigation effect of financing constraints differences under the rule of law,and analyzed the improvement of the financial law environment to the enterprise to obtain bank loans,the mechanism of action of commercial credit.The study found that financial environment under the rule of law in our country has many drawbacks,regional environment difference is obvious under the rule of law,the independence of the judicial system,law enforcement efficiency evaluation is not high in general;Relative to financial law environment of poor areas,in the listed company financial rule of law environment perfect area of low degree of financing constraints;Goodregional financial rule of law environment of private enterprises and small enterprises financing constraints are more significant relief;Financial environmental mitigation enterprise financing constraints,the mechanism of action of the rule of law to help small and medium-sized enterprises to obtain bank loans,helps big companies access to loans and commercial credit,commercial credit is also an important way to corporate finance.