CAJ | 학술논문

资金短缺问题长期制约着我国中小高新技术企业发展的高成长性。在积极拓宽与创新多种融资渠道的同时，政府应通过政策的引导来鼓励支持高效融资方式的优先发展。本文在分析中小高新技术企业融资方式及效率影响因素的基础上，运用模糊数学方法评价和比较不同融资方式的融资效率，进而根据评价结论提出在构建多元化融资体系的基础上优先鼓励企业内源融资，并加强政府基金支持力度和加快发展其他高效融资方式等政策建议。
자금단결문제장기제약착아국중소고신기술기업발전적고성장성。재적겁탁관여창신다충융자거도적동시，정부응통과정책적인도래고려지지고효융자방식적우선발전。본문재분석중소고신기술기업융자방식급효솔영향인소적기출상，운용모호수학방법평개화비교불동융자방식적융자효솔，진이근거평개결론제출재구건다원화융자체계적기출상우선고려기업내원융자，병가강정부기금지지력도화가쾌발전기타고효융자방식등정책건의。
The shortage of funds has long-term hindered the high-growth in development of Chinese small and medium-sized high-tech enterprises. With actively widen and innovation various financing channels, the government should guide to encourage and support the priority development of effective financing ways through policy. Based on the analysis of the small and medium-sized high-tech enterprises financing way and efficiency influence factors, this paper uses fuzzy comprehensive evaluation method to evaluate and compare different financing ways of financing efficiency, and then according to the evaluation conclusion puts forward several policy proposals that giving priority to encourage enterprise internal financing, strengthen the government fund support and accelerate the development of other efficient financing way, which based on building a diversified financing system.