摘要
我国充足的民间资本供给未能有效满足科技型中小企业强烈的融资需求,资金流入渠道不畅是其主要原因。本文以疏通融资渠道为目的,融入互联网金融,构建了民间资本流入科技型中小企业的复合联保融资模式;从信息对称、信用保障、风险控制和社会监督与惩罚等方面进一步分析了该模式的运作机制。认为该模式能够有效提升科技型中小企业的资信水平,增强民间投资者投资意愿并完善信用担保体系;融入互联网金融可以减少多方主体间的信息失衡,激活民间资金的流动性,缓解科技型中小企业融资约束。最后,针对复合联保融资模式在实践中的顺利推进和运行,提出了可操作的对策与建议。
The supply of the adequate private capital cannot effectively meet the strong financing needs of technological SMEs in China, mainly for poor capita/ inflow channels. Aiming at dredging the financing channels, the Internet finance has been added to build a compound joint guarantee financing model for the inflow of private capital into the SMEs, and the mode of operation mechanism has been further analyzed from the aspects of information symmetry, credit protection and risk control as well as social supervision and punishment in this paper. Combining the Internet finance can reduce the imbalance between the multi-party information, activate the liquidity of private funds, and mitigate the financing constraints of technological SMEs. To ensure the smooth operation and progress of this financing model, the relevant effective countermeasures and suggestions have been put forward.
出处
《企业经济》
CSSCI
北大核心
2017年第11期180-186,共7页
Enterprise Economy
基金
河北省社会科学基金"创新河北省科技型中小企业外源融资渠道的对策研究"(项目编号:15YJ099)
天津市哲学社会科学基金"中小企业政策性融资担保运行效率提升研究"(项目编号:TJYY15-005)
关键词
科技型中小企业
民间融资
复合联保模式
运行机制
technological SMEs
private financing
compound joint guarantee financing model
operating mechanism
