【作者】 崔文勇；

【导师】 黄志刚；

【作者基本信息】 福州大学 ， 技术经济及管理， 2004， 硕士

【摘要】 中小企业在我国经济发展中起着至关重要的作用，但中小企业融资难却成为其生存发展的障碍，我国迫切需要解决中小企业融资难问题，本文目的就是解决中小企业融资难问题。金融工具是投资者与融资者之间的根本纽带，利用金融工具可直接实现资金配置，故针对中小企业融资进行创新的金融工具可缓解或解决中小企业融资难问题。本文在对我国中小企业概况和金融环境分析基础上，从金融工具创新角度开创性地解决中小企业融资难问题。本文主要分为六部分：第一部分提出了本文研究的问题，并论述评析了国外的研究现状。第二部分阐述了我国中小企业的主要作用和融资现状，并对我国中小企业进行分类，为进一步研究做好准备。第三部分详细深入地分析了我国中小企业融资难的原因，为中小企业融资工具创新奠定基础。第四部分介绍了美国、日本和台湾的典型中小企业融资工具，并分析了其在我国的适应性。第五部分分析了我国融资性工具开发的环境和发展趋势，探索出我国金融工具创新的约束条件，为中小企业融资工具创新指明方向。第六部分是本文的重点，该部分在分析、总结已有金融工具的基础上，结合中小企业融资的基本特征，探索出服务中小企业融资的金融工具创新的一般规律，为深入研究金融工具创新搭建了一个新的平台。进而运用基于中小企业融资的金融工具创新原理，结合我国融资性金融工具开发的现实环境，综合运用金融工程的剥离技术和嫁接技术，设计一系列符合我国国情的融资性金融工具。更多还原

【Abstract】 Small and medium-sized enterprises play an essential role in our country’s economic development. But the problem of financing difficulty becomes obstacle when it concerns survival and development. it is urgent for our country to solve the difficult problem. The purpose of this paper is to solve the difficult problem of financing of small and medium-sized enterprises. Financial instruments are a basic tie between investor and factor. Financial instruments can dispose fund directly. Financial instrument innovated directly serving for SMEs financing can alleviate or solve the difficult problem of SMEs financing. This paper, to the overview of small and medium-sized enterprises of our country and financial environmental analysis foundation, solve the difficult problem of financing of small and medium-sized enterprises from the innovative angle initiative of financial instruments.This paper is divided into six parts mainly. The first part puts forward the question and describes the current foreign research situation. The second part explains the main contribution of the small and medium-sized enterprises of our country and their current financing situation. It classifies the small and medium-sized enterprises of our country, so get ready to study further. The third part analyzes the reason why it’s so difficult in financing as it concerns small and medium-sized enterprises of our country in detail. Also establish the foundation that helps to innovate SMEs financing instruments. The fourth part introduces the typical SMEs financing instruments of U.S.A., Japan and Taiwan, and analyses their adaptability in our country. The fifth part studies our country financing environment and development trend that financing instruments develop. This part explores our country restraint terms that financial instrument innovate and points out the direction that SMEs financing instruments innovate. The sixth part is focal point of this text. On the basis of analyzing existed financial instruments and summarizing the essential feature of SMEs financing, the article put forward universal law that financial instrument innovate. And put up a new platform in order to further investigate financial instruments. Then use the innovative principle of financial instrument based on financing of small and medium-sized enterprises, the paper design a series of financing financial instruments using stripping technology and grafting technology of financial project synthetically according our country financing realistic environment that financial instrument develop.更多还原