The Selection of Financing Methods for Small and Medium Sized Technology Enterprises

• 作者: Li Hongying Wang Yan
• 来源期刊: 财会通讯：中
• 学科: 经济
• 关键词: Equity FINANCING DEBT FINANCING TECHNOLOGY ENTERPRISES Cross-OLS MODEL 2GLS MODEL
• 年，卷（期）: chtxz_2018,（1）
• 页码范围: F0003-F0003
• 页数: 1页
• 分类号: F23

摘要

Equity financing and debt financing are the main financing methods for small and medium sized enterprises. Based onthe samples of small and medium-sized enterprises listed on the Shenzhen Stock Exchange during 2010 and 2015, we collected theturnover data and studied the influence factors in financing and constraints. The results show that science and technology enterpriseshave different tendency in equity financing in different stages of social development. In the stage of social currency additional, theseenterprises tend to debt finaneing. Besides, those science and teehnology enterprises with better ability in sustainable development andinnovation ability are easier to get equity investment; those enterprises with more enterprise strength and government subsidies seemedmore sueeessfully in obtaining debt investment.