Research On The Factors Affecting The Financing Constraints Of Leading Agricultural Enterprises In Yunnan Provinc

Leading agricultural enterprises play an important role in driving farmers’ production,promoting agricultural modernization process and realizing large-scale production;However,it is found that China’s rural financial services try hard to adapt to the needs of rural economic development,and the hardest thing is the financing problem of leading agricultural enterprises.Most of the financial services provided by rural financial institutions are out of touch with the policy function of supporting the "three rural issues".Agricultural leading enterprises in view of the weak nature of agriculture and some other reasons,has been in financial difficulties.The agricultural leading enterprises need to support themselves in various aspects of planting and breeding technological innovation and product research.Financing constraints will have a direct impact on the development of leading agricultural enterprises.Solving the financing difficulties of agricultural enterprises,breaking the shackles of rural financial development have practical meanings.Based on the results of research on financing of leading agricultural enterprises,this article focuses on financing support environment of leading agricultural enterprises in rural areas which is based on the financing of leading agricultural enterprises.This article also makes a survey on 1854 leading agricultural enterprises and reviews the basic situation of the related financing.It is found that the credit credit gap of agricultural credit is expanding year by year;the efficiency of financial support in rural areas is low.Construction of the dichotomous Probit model which bases on the enterprise’s own development situations and the rural financial support environment relies on the financing constraint index as the dependent variables to measure the enterprise financing difficulties.Calculating the probability of financing constraints in terms of enterprises’ size,corporate credit rating,financial institution cooperation,acceptance of financial products and services under different standards.Finally,this paper based on the empirical analysis of the financing constraints of agricultural leading enterprises and the situation of rural financial development points out the specific reasons of financing difficulties of agricultural leading enterprises and puts forward the ability to improve the service capacity of rural financial supply,improve the credit evaluation system of agricultural leading enterprises and other policy recommendations.