CAJ | 학술논문

企业融资困境包括融资难和融资贵两个问题。融资难问题在各类企业都存在，只是程度不同。大型企业有较多的融资渠道和较高的信用等级，因此，融资难问题更多体现在中小微企业层面。同时，由于中小微企业不具备大型企业的议价能力，贷款的抵押担保限制较多，使得间接成本提升，造成了融资贵的问题。湖南省岳阳县是中部地区欠发达县，县内企业基本上都属于中小微企业，存在的融资困境具有较强的代表性。本文以岳阳县为例，从中小微企业融资困境的现状及原因进行分析，寻求破解中小微企业融资困境的途径。
기업융자곤경포괄융자난화융자귀량개문제。융자난문제재각류기업도존재，지시정도불동。대형기업유교다적융자거도화교고적신용등급，인차，융자난문제경다체현재중소미기업층면。동시，유우중소미기업불구비대형기업적의개능력，대관적저압담보한제교다，사득간접성본제승，조성료융자귀적문제。호남성악양현시중부지구흠발체현，현내기업기본상도속우중소미기업，존재적융자곤경구유교강적대표성。본문이악양현위례，종중소미기업융자곤경적현상급원인진행분석，심구파해중소미기업융자곤경적도경。
Enterprise financing is both inaccessible and unaffordable. The problem of inaccessible financing exists in all kinds of enterprises, only to different degrees. Big firms have more financing channels and high credit ratings. Therefore, most of the financing problems are in micro, small, medium-sized enterprises. At the same time, because micro, small and medium-sized enterprises do not have the same power in bargaining as the big enterprises, so there is more limitation in loans collateral secured, which causes the indirect cost increase, resulting in financing unaffordable problem. Yueyang County of Hunan province is a less developed county in the central region of China. Enterprises of this county are basically at the micro, small, medium-level. Its financing dilemma is representative. This paper takes Yueyang County as an example, and analyzes the current situation and reasons of micro, small, medium-sized enterprises' financing difficulties, so as to find ways to solve their financing problems.