中小企业利用商业信用融资探析

中小企业利用商业信用融资探析

中小企业利用商业信用融资探析

摘 要：

银行信用融资在我国中小企业中一直是一条融资重要渠道，大部分的中小企业一般都会选择商业信用融资，所以商业信用融资越来越受到中小企业的关注。在当今社会下，促进国家经济增长中也包含着中小企业，但是中小企业融资难却是世界各国所面临的同样的问题。在我国，中小企业普遍规模较小；且内部融通的资金不足；企业融资渠道狭小；风险大；加上银行贷款困难，所以中小企业融资难的问题特别明显①。当企业融资困难的情况下，商业信用对中小企业融资有着一定的优越性。操作简单、成本低；不需要抵押担保；不需要定期的支付利息、股利等费用，自主性，较强的约束力都是商业信用融资的特点。而商业信用融资作为企业的一种直接融资方式，其在经济交易中，资金的获得更便利，形式上也比较灵活。当企业不能通过银行信贷来进行融资的时候,商业信用则能够有效的缓解中小企业的融资问题,继而来说，商业信用相较于银行信用更能满足中小企业融资需求②。

本文在认真阅读商业信用和中小企业的现有文献后，以商业信用融资的特征及主要形式为理论，对中小企业融资困难的原因进行分析，根据商业信用对我国中小企业融资的优越性；再根据国内外中小企业融资经验对我国的启示，进而得出中小企业利用商业信用融资的对策。主要内容有：第一部分，对商业信用融资进行概述，简要叙述其特征及主要形式；第二部分，对中小企业融资困难的原因进行概括分析；第三部分，商业信用对我国中小企业融资的优越性；第四部分，国内外中小企业融资经验对我国的启示；第五部分，中小企业利用商业信用融资的对策。

关键词：中小企业，融资，商业信用，关系

①

陈果.《我国中小企业融资“瓶颈”分析与创新对策》. 浙江师范大学.2009

②

谭伟强. 《商业信用:基于企业融资动机的实证研究》. 中山大学管理学院,行为金融与金融经济

学研究所,广州,510275

I

中小企业利用商业信用融资探析

Abstract:

Bank credit financing in small and medium-sized enterprises in our country has always been an important financing channels, the majority of small and medium-sized enterprises generally choose the commercial credit financing, so the commercial credit financing by small and medium-sized enterprises more and more attention. In today's society, it contains small and medium-sized enterprises in promoting national economic growth, but the financing difficulties of small and medium-sized enterprises is the world facing the same problem. In our country, small and medium-sized enterprises generally smaller; Insufficient funds and internal financing; The narrow financing channel; Risk; Add a bank loan is difficult, so small and medium-sized enterprise financing difficult problem is especially obvious. When the enterprise financing difficult circumstances, commercial credit for small and medium-sized enterprise financing has the certain superiority. The operation is simple, the cost is low; Don't need a mortgage guarantee; Don't need regular payment of interest and dividends, autonomy, strong binding are the characteristics of the commercial credit financing. The commercial credit financing as a way of direct financing of enterprises, the economic transactions, money get more convenient, form is more flexible. When companies cannot financed by bank credit, commercial credit can effectively ease the financing problems of small and medium-sized enterprises (smes), which in turn, commercial credit compared with bank credit can meet the demand of small and medium-sized enterprise financing more.

Read the commercial credit, and small and medium-sized enterprises (smes) is presented in this paper the existing literature, with the characteristic of the commercial credit financing and the main forms of theory, the paper analyzes the causes of financing difficulties of small and medium-sized enterprises, according to the advantages of business credit to our country small and medium-sized enterprise financing; According to domestic and foreign small and medium-sized enterprise financing experience enlightenment to our country, the small and medium-sized enterprises (smes) are obtained using the commercial credit

II

中小企业利用商业信用融资探析

financing countermeasures. Main content: the first part, overview of commercial credit financing, introduces its characteristics and main form; The second part, analyses the reason of small and medium-sized enterprise financing difficulties; The third part, the advantages of business credit to our country small and medium-sized enterprise financing; The fourth part, the enlightenment to our country small and medium-sized enterprise financing experiences at home and abroad. The fifth part, the commercial credit financing countermeasures of small and medium-sized enterprises.

Key words: small and medium sized enterprises; financing; commercial credit;

relationship

III

中小企业利用商业信用融资探析

目 录

摘要 .............................................................. Ⅰ 英文摘要?????????????????????????????Ⅱ 目

录????????????????????????????????...Ⅲ

引言 ............................................................... 1 1、商业信用融资的概述 ............................. 错误！未定义书签。 1.1商业信用融资

????????????????????...????..6

1.2 商业信用融资的特征 ........................................... 1 1.3商业信用的主要形式 ........................... 错误！未定义书签。 2、中小企业融资困难的原因分析 ...................................... 1 2.1企业内源融资不足，不能满足中小企业目身发展需要 .................. 3 2.2直接融资渠道不畅 ................................................ 3 2.3 间接融资主要是从银行贷款困难 ................................... 4 2.4缺乏针对中小企业融资的金融机构 .................................. 4 3、商业信用对我国中小企业融资的优越性 .............................. 5 3.1资金获得便利 .................................................. 5 3.2灵活性 ........................................................ 5 4、国外中小企业融资经验对我国的启示 ................................ 6 5、中小企业利用商业信用融资的对策 ................. 错误！未定义书签。 参考文献 ........................................................... 9

IV