Research On SMEs Financial Service Supply Structure Reform Based On Alasso Method

In the national economy,small and medium-sized enterprises are playing an increasingly important role.On the one hand,small and medium-sized enterprises have made important contributions to the growth of GDP.On the other hand,the large number of small and medium-sized enterprises has solved a large part of the national employment problem and helped alleviate many social pressures.However,the financial supply of SMEs is often inadequate,it is difficult to meet their demand for funds,which is far from match in the economic and social status.In the context of the current "supply side reform",how to effectively reform the financial service supply structure of small and medium-sized enterprises is an urgent problem.China’s financial market development is not sufficient,the scale of direct financing of small and medium enterprises is very limited,bank loans are still the main financing channels for SMEs,at the same time,China’s financial suppression problems prevail,bank loans can not meet the financing needs of SMEs,small and medium enterprises will help In the private sector to obtain funds.However,in order to minimize the model bias that occurs due to the lack of significant independent variables,it is often necessary to construct an indicator system that contains many variables at the beginning of the model,both in terms of bank loans and from private finance.Produce high dimensional data problems.The adaptive lasso(alasso)model can achieve the choice of variables more accurately because of its good properties,and also gives the accurate regression coefficient estimates,as an effective prescription to solve these problems.This paper designs the questionnaire for the supply structure of small and medium-sized enterprises,including the situation of financing from small and medium-sized enterprises,the situation of small and medium-sized enterprises adopting private financing,the basic situation of small and medium-sized enterprises,the basic situation of small and medium enterprises,the financing situation of small and mediumThe financial situation of the enterprise,the policy support of the small and medium-sized enterprises,the financial situation of the supply chain of the small and medium-sized enterprises,and so on,and obtain the data and carry on the corresponding descriptive statistical analysis.This paper uses the research questionnaire to construct a more comprehensive index system,from the two aspects of bank loans and private finance to study the supply of financial services for small and medium enterprises.In the aspect of bank loan supply,the financing interest rate is chosen as the dependent variable,and the private financial interest rate is chosen as the dependent variable in the private financial supply.The other 33 variables in the index system are used to construct the alasso model.And draw the following conclusions:Enterprises to better understand the relevant policies,enterprises and their responsible person more excellent basic situation,better financing status,better financial situation,a stronger supply chain situation,more modern enterprise management model,more excellent silver Enterprise relations,can improve the supply of financial services for SMEs.Most of the factors that affect the willingness of bank loans to supply and affect the effective supply of private finance are the same,which shows that formal finance and private finance,although the two forms are very different,but in the supply of funds to SMEs,Many of the factors are consistent.It can also be said that small and medium enterprises through the adoption of measures to improve the willingness of the bank supply,the private supply of its effective supply will also be strengthened;SMEs in trying to obtain more effective private finance,the bank will also increase its supply will.Finally,according to the conclusion of the analysis and research,the paper proposes the reform thoughts and countermeasures of improving the supply structure of financial services for SMEs.