创业板与中小板融资周期与融资利用率之比较研究

创业板与中小板融资周期与融资利用率之比较研究(论文15000字)
摘 要
【论文摘要】中小企业是促进国民经济飞速增长的重要力量，然而,中小企业由于规模相对较小、经营风险大、资信等级低,在其创业与成长阶段面临诸多困难,其中,资金短缺是大多数中小企业发展的最大瓶颈。目前国内中小企业募集权益资金的途径主要有通过中小板上市或者选择创业板上市。本文利用一定的抽样方法抽取在创业板上市的10家公司样本和中小板上市的10家公司样本的融资数据对创业板与中小板融资周期与融资利用率进行对比性研究。并根据收集到的数据，经过科学合理的分析方法，进而提出影响中小企业筹资的主要因素有资产总额、营业收入与每股收益等指标。
【关键词】创业板；中小板；融资周期；融资利用率

The GEM board and the financing of SME board cycle and comparative study of financing efficiency
ABSTRACT
[Abstract]SMEs are an important force to promote the rapid growth of the national economy. However, due to the relatively small size, the big operational risk and the low credit rating, SME would face many difficulties in its entrepreneurial growth stage. In particular, the shortage of funds is the biggest bottleneck for SME' development. Currently, domestic SMEs raise capital through the small plates listed or choosing the GEM Listing.Now the passage based on a certain sampling method to extract 10 companies listed on gem samples and samples of small and medium-sized board listed 10 companies financing data of the gem and financing and the financing of small and medium-sized board cycle utilization for comparative research. According to the collected data, through scientific and reasonable analysis method, and then puts forward the main factors affecting smes financing has total assets, operating income and earnings per share index.

[Key Words]GEM(Growth Enterprises Market)board;SME(small and medium-sized enterprises) board;Financing period;Financing utilization.

目  录
摘 要    I
ABSTRACT    II
一、引  言    1
二、论文的分析框架    3
三、介绍现状    4
四、我国中小型企业的融资体系构建    5
（一）、融资的内涵    5
（二）、融资周期的内涵    5
（三）、资金利用率    6
五、 中小板与创业板融资数据比较    7
（一）、样本的选择和数据描述    7
（二）、融资周期、融资利用率实证分析    8
六、融资周期、融资利用率的影响因素    20
（一）、中小型企业在不同板块上市的财务指标数据⑥    20
（二）、对中小型企业在不同板块上市的影响因素分析    21
（三）、针对创业板普遍存在超募资金的探讨    24
七、结  论    27
注释    29
参考文献    29
致  谢    30