社会资本缓解中小企业融资约束的实证研究

Empirical Research on the Effects of Social Capital Ease SMEs Financing Constraints

摘要: 在经济下行压力下中小企业融资难问题更加突显，本文从社会资本的视角探析缓解中小企业融资约束的路径。本文将企业社会资本归纳为对企业融资和发展起支持作用的各种资源，并进一步划分为企业组织、企业个人社会资本，利用问卷调查数据进行实证研究。研究表明，中小企业可持续发展能力弱，正规金融不能满足融资需求，企业的组织社会资本和个人社会资本的有机结合，将有利于改善中小企业融资。当前应着力培育中小企业融资意识，积淀网络关系，拓宽信息交流平台，打通中小企业外源、多元融资通道。

Abstract: The issue of SMEs’ financing becomes more prominent under the period of economic downturn.  This paper studies the path to ease financing constraints of SMEs from the perspective of social capital. In this article the social capital is summarized as various resources supporting the financing and development of a corporation, which can be further divided into organizational social capital and personal social capital, and the survey data is used to conduct empirical research. Research shows that the sustainable development of SMEs is weak and can not meet the financing needs of the formal financial; organic combination of organizational social capital and personal social capital of the companies will help to improve SME financing. Currently we should focus on cultivating awareness of SME financing, accumulation Network relationship, broadening information exchange platform, and opening up SMEs exogenous and diversified financing channels.