中小企业融资理论综述

目前,中小企业已经成为推动经济和社会发展的重要力量,但是融资难依然是制约其发展的难题。关于企业融资的理论研究,资本结构理论在现代经济学中居于主导地位,该理论主要侧重于定量研究,而企业金融成长周期理论则更侧重于从动态的角度解释企业在不同成长阶段所需要的不同融资需求。本文通过对西方的资本结构理论和企业金融成长周期理论进行梳理和综述,以期对中小企业的成长和发展具有一定的理论指导意义。

The Review of SMEs' Financing Theory

In China,small and medium-sized enterprises have become the important force to promote the development of economy and society.However,there are still many constraints that restrain the development of SMEs,especially the financing problem.Currently,capital structure theory plays a most important role in modern economics about the research on the corporate financing theory,and it focuses primarily on quantitative research.The theory of corporate growth cycle is more focused on explaining the different financi...