中小企业融资问题研究  

The Annlysis on Small-sized and Medium-sized Enterprises' Fnancing

作　　者：董双全[1] 王华[2] 

机构地区：[1]广东商学院会计学院,广东广州510320 [2]暨南大学,广东广州510632

出　　处：《商业研究》2004年第12期15-19,共5页Commercial Research

摘　　要：目前中小企业融资很艰难 ,其影响因素主要是 :信贷市场上存在“身份”歧视 ;中小企业会计信息质量较低 ;中小企业融资和投资不符合费雪分离原理 ,无法将投资和筹资截然分开 ,只能依据个别投资者的偏好做出投资决策。所以解决中小企业融资难的有效途径在于This paper examines why medium and small-sized entreprises(MSEs) cannot obtain adequate financial services. The factors that affect MSEs financing are (1) Credit markets' discrimination; (2) Inferior quality of MSEs' accounting information; (3) The MSEs' financing cannot conform to Fisher Separation Theorem. The paper concludes that banks' changing credit scoring approach and improving MSEs' accounting information are the ways to overcome the difficulty in providing financial services to MSEs.

关 键 词：中小企业 融资管理 中国 会计信息质量 资本结构 

分 类 号：F275.1[经济管理—企业管理] F279.243[经济管理—国民经济]