CAJ | 학술논문

依据湖南省229家初创小微企业的调研数据,考量社会资本、政策支持对初创小微企业资金管理绩效的影响。实证表明：社会资本显著影响初创小微企业资金管理绩效;政策支持在社会资本与资金管理绩效中起调节作用,拥有良好政策支持的初创小微企业资金筹集管理绩效与运营管理绩效显著优于缺少政策支持的企业。初创小微型企业应不断丰富自身社会资本,积极利用政府提供的有利环境,提高资金管理绩效。
의거호남성229가초창소미기업적조연수거,고량사회자본、정책지지대초창소미기업자금관리적효적영향。실증표명：사회자본현저영향초창소미기업자금관리적효;정책지지재사회자본여자금관리적효중기조절작용,옹유량호정책지지적초창소미기업자금주집관리적효여운영관리적효현저우우결소정책지지적기업。초창소미형기업응불단봉부자신사회자본,적겁이용정부제공적유리배경,제고자금관리적효。
The effect of social capital and policy support on financial management performance is researched based on the survey data of 229 startup small and micro enterprises in Hunan Prov-ince.The empirical result shows that：social capital significantly affects startup small and micro enterprise＇s financial management performance;policy support plays a regulatory role between so-cial capital and financial management performance,namely,with a good policy support,startup small and micro enterprises＇fund raising management performance and operational management performance is significantly better than without it.In order to improve financial management per-formance,start- up small and micro enterprises should continue to enrich their social capital, and to take an active use of enabling environment which provided by the government.