The Influence Of Social Capital On The Financing Ability Of Small And Micro Enterprises

The financing of small and micro enterprises is a common topic.In recent years,the state has put forward a number of policies to guide the influx of funds into the loan field of small and micro enterprises,and achieved some results.However,most small and micro enterprises are still facing the difficult situation of no money available.In this regard,domestic scholars rely on different industry backgrounds and perspectives to study the theory,and construct a rigorous structure and rich content of the theoretical system.In reality,small and micro enterprises usually cannot pass the evaluation of bank credit evaluation system when they seek bank financial support.However,a considerable proportion of the partners in the credit guarantee industry of small and micro enterprises are small and micro enterprises whose "credit value" rejected by banks is insufficient to obtain loans.China’s economy is in the process of transformation.In this era of economic background,people gradually pay attention to the impact of social capital on the financing of small and micro enterprises.This also provides researchers with new questions: under the influence of social capital,what is the financing structure of small and micro enterprises? What is the impact of social capital on the availability of credit for SMEs? This paper focuses on the financing problem of small and micro enterprises,and studies the impact of social capital characteristics of small and micro enterprises on financing behavior of small and micro enterprises.On the basis of previous research theories,this paper mainly explores the social capital of small and micro enterprises at all levels through social capital theory,enterprise financing theory and other theories,and explores how the social capital of small and micro enterprises plays a role in the formation of financing capacity.In order to achieve the research purpose,this paper combines qualitative and quantitative research methods,theory and practice.First of all,read the literature and make a summary and analysis,understand the current research situation at home and abroad,in-depth exploration of social capital,corporate financing and other related theories,after the study and analysis,conceive research ideas and verification methods.Then,through on-the-spot investigation and questionnaire survey,120 sample companies in Zhoukou area were surveyed and tested to measure the social capital and financing situation of small and micro enterprises.Finally,the data obtained from the above research are sorted out for further analysis and conclusions.The research shows that the relationship dimension and cognitive dimension are positively correlated with financing convenience,while the structural dimension has no significant positive correlation;the structural dimension and cognitive dimension are positively correlated with financing structure robustness;and the relationship dimension has no significant positive correlation with financing structure robustness.Further research shows that there is a significant positive correlation between financing convenience and financing structure robustness through the intersection of cognitive dimension and relationship dimension in social capital.Finally,according to the research objectives and conclusions,this paper puts forward some policy recommendations on how to improve the financing capacity of small and micro enterprises.