农企融资问题研究外文文献翻译最新译文

文献出处： Edelman S. The Research on the Finance Service of Small and Medium-sized Agricultural Corporate [J]. Journal of Banking & Finance, 2016，15(9): 12-22.

原文

The Research on the Finance Service of Small and Medium-sized Agricultural Corporate

Edelman S

Abstract

When agricultural financing difficulties of small and medium-sized enterprises, on the one hand, because of a shortage of enterprise to the pledged collateral, credit information asymmetry, weak ability to resist risks, life-size characteristics, on the other hand is due to the imperfection of the financial system, inadequate financial innovation. Financing difficulties became a limit and the bottleneck of restricting agricultural development of small and medium-sized enterprises. Although the government is constantly to support policy, Banks are also continuously improve products and services, but the agricultural small and medium-sized enterprise financing difficult problem is always difficult to crack. At present, the study of small and medium-sized agricultural enterprises financing difficult problem is mainly concentrated in the development of the financial support system, accelerate the construction of credit guarantee system, set up financial institutions for small and medium-sized enterprises, etc., considering the current development situation of financial markets, through these ways to solve the problem of financing problems of small and medium-sized agricultural enterprises also need to be realized a long period of time. So at present, the commercial bank developing agricultural small and medium-sized enterprise financing business through innovation, in view of the agricultural small and medium-sized enterprise financing needs improvement, financial product innovation and financing mode of correction, to alleviate the practice of agricultural financing difficulties of small and medium-sized enterprises are more feasible.

Keywords: Finance Service; Agricultural small and medium-sized enterprises;

Agribusiness finance

1 Introduction

Agricultural small and medium-sized enterprise credit level is low, the lack of mortgage assets, financing cost higher specificity, agricultural small and medium-sized enterprises often because of lack of money and become helpless. On the other hand because of the investment system is not sound, lack of complete legal protection system and policy support system, agriculture and small and medium-sized enterprises through equity financing; At the same time, the bank for reasons of risk and profit, agricultural small and medium-sized enterprise is difficult to get bank credit funds to support. So the agricultural small and medium-sized enterprises get financial resources and its reality demand unbecoming. The serious restriction and slow the pace of the farmers to get rich, influence the development of the industrialization of agriculture, agriculture has always been the core of the enterprise in the aspect of improving their finances often use "extend payment days", and "to give discount" to the dealer to pay in advance. Given the way with the interests of the whole industry chain on the best strategic arrangement in conflict, many core enterprises are actively seeking new financing options.

2 The present situation of agribusiness financing

Small and medium-sized agricultural enterprise's vitality and growth although there for all to see, but it still does not decrease the market-oriented financing difficulty. In agricultural enterprises, on the one hand, most small and medium-sized enterprise is located in the township, mainly agricultural products processing enterprises, these enterprises "small, scattered, low and weak" fundamental change, development present situation is not survival situation is not optimistic. Some Banks, on the other hand, the agricultural enterprise credit support far lower than its contribution to the national economy, insufficient funds for many enterprises to develop the most adverse problems. Credit demand of the enterprise cannot be satisfied, greatly restrain its development.

In three major industries, as the first industry of agriculture from the financial institutions of the total amount of credit funds are still in a passive subordinate status.

From the three major industries of external financial support, on agriculture disadvantage of small and medium-sized enterprises as the main body of the agricultural industry didn't fundamentally change.

According to the corporate finance theory suggests that enterprises should want to get better development, need to constantly broaden the financing policy, implementation of multi-level, three-dimensional financing. With the deepening of financial reform, the development of capital market to the deep time, diversified financing channels has been established, broke the indirect financing mode in the past. Still in terms of the present stage, the agricultural small and medium-sized enterprise financing scale is still small, capital source with given priority to with their own money, development rely on the profit mode of survival. Mainly labor-intensive small and medium enterprises of agriculture, the profit level is generally low, still profit model of a single, only rely on their own capital and profits retained as the main source of funds of enterprises, are unable to meet the enterprise long-term expanded reproduction and the needs of the development of investment.

3 The reason of the agribusiness financing predicament

Farmers' property rights is not clear, less collateral, resist risk ability is poor, which means that the agribusiness naturally not the darling of the capital. Some growth companies need financial support, and investment funds and struggling to find suitable investment. There are many reasons for this, now in addition to some small companies, a large number …… 此处隐藏：11847字，全部文档内容请下载后查看。喜欢就下载吧 ……