CAJ | 학술논문

中小企业作为我国改革开放后出现的新型企业群体，在我国国民经济中已占据着重要地位。但现阶段我国中小企业面临的融资环境不容乐观，融资难成为中小企业发展面临的首要瓶颈。国内学者多从改善现有的融资环境入手，鲜见有提出寻找新的融资渠道。信息不对称是造成中小企业融资困境的主要原因之一，而私人权益资本可以有效缓解由信息不对称带来的融资困境问题，能为中小企业融资提供新的融资渠道。因此，要完善我国私人权益资本市场，为中小企业发展提供良好的融资环境。
중소기업작위아국개혁개방후출현적신형기업군체，재아국국민경제중이점거착중요지위。단현계단아국중소기업면림적융자배경불용악관，융자난성위중소기업발전면림적수요병경。국내학자다종개선현유적융자배경입수，선견유제출심조신적융자거도。신식불대칭시조성중소기업융자곤경적주요원인지일，이사인권익자본가이유효완해유신식불대칭대래적융자곤경문제，능위중소기업융자제공신적융자거도。인차，요완선아국사인권익자본시장，위중소기업발전제공량호적융자배경。
As a new enterprise group appearing after China＇ s reform and opening up, small and medium enterprises （SME） have occupied an important place in our national economy. However, SME are facing a bad financing environment at this stage, and finaneing difficulty has become the primary bottleneck of their development. Domestic scholars focus on improving the current financing environment, rarely trying to find new financing ehannels. It is found that information asymmetry is one of the main causes of the financing dilemma. Private equity capital can effectively ease the financing difficulties brought by the information asymmetry problem, and provide a new financing channel for SME. Therefore, to improve the private equity market in China is a way to provide favorable financing environment for the development of SME.