我国中小企业板上市公司融资有效性分析——基于河南及其与江苏、浙江的比较  

Analysis of Financing Efficiency of SME Board Listing Corporations in China——Study on Henan and Compare with Jiangsu and Zhejiang

作　　者：何丽娜[1] 

机构地区：[1]河南牧业经济学院

出　　处：《中州学刊》2016年第9期28-32,共5页Academic Journal of Zhongzhou

基　　金：河南省哲学社会科学规划项目"河南省与沿海发达省份中小企业金融支持的比较研究"(2014GJJ098);河南省政府决策研究招标课题"经济新常态下河南民营中小企业金融支持问题研究"(2016B155);河南牧业经济学院科研创新团队建设计划资助(201608)

摘　　要：我国中小企业发展呈区域非均衡特征,中西部中小企业融资问题比东部沿海区域更加突出。河南省中小企业板上市公司融资有效性评价及其与江苏、浙江中小企业板上市公司融资有效性比较显示,河南省大多数上市公司融资有效性低,偏离融资效率前沿,与江苏、浙江上市公司相比存在较大差距。影响融资有效性的除了企业所有制性质外,还包括公司治理、内部控制制度、金融发展等因素,亟须通过改善中小企业内外部融资环境,畅通融资渠道,增加资金投入,提高资金管理水平,满足规模收益递增的资金需求等途径,提高中小企业融资的有效性。The development of SMEs in China presents the characteristics of regional non-equilibrium. The financing problems of SMEs in central and western regions are more severe than those in eastern region. The financing efficiency of some SME listing corporations from Henan province and some from Henan,Jiangsu and Zhejiang have been estimated,which show that lots of the corporations from Henan are inefficient,deviate from the efficiency frontier and fall behind that of the corporations from Jiangsu and Zhejiang. Enterprise ownership is a predominant influence in the financing efficiency and so are the corporate governance,internal control system and financial development. To improve the financing efficiency of SMEs,optimizing internal and external financing environment,smoothing financing channels should be done to help to operate funds effectively and expand financing to a suitable scale.

关 键 词：融资有效性 中小企业板 区域非均衡发展 效率前沿 

分 类 号：F832.5[经济管理—金融学]