An Empirical Study of Financing Channels of SME in Rural Areas of China
利用2005年全国农村金融数据库，实证分析了中国农村中小企业不同融资渠道对企业扩张和效率提升的影响，发现融资渠道差异无显著效果，建议增加农村金融总供给并完善服务体系。
SME development in rural areas is conducive to promoting rural economic growth,but the financing shortage of SME has become the bottleneck of rural development in China.In this paper,Based on the 2005 national rural financial database provided by State Council Development Research Center and the econometrical and empirical model,the paper studies the financing problem of SMEs in China's rural areas and the impact on their development.The result shows that the different funding channels have no significant effect on the developing expansion and the efficiency enhancement of enterprises.Therefore,the author points out that the most important and fundamental way is to substantially increase the total financial supply in rural areas and improve the financial service system for rural SMEs so that they could effectively break the bottleneck of SME financing and to really solve the financing problem.