本论文从对中小企业融资问题的原因分析出发,分别从内因和外
因的角度对融资难的现状展开剖析,结合国内外学者的相关研究提出
了若干解决方案,同时通过比较分析和系统分析得出,发展公司债券
市场是有效和稳定解决中小企业融资问题的最佳对策
继而分析了公司债券市场对社会融资结构和社会经济发展的促进
作用,并结合欧美发达国家,以及亚洲新兴市场国家的债券市场发展
经验,总结了我国在发展债券市场时可以借鉴的国外先进经验
最后,本论文从投资者的角度讨论了如何通过匹配投资者对债券
市场的不同需求支持中小企业债券发展,并从公司治理和监管体系的
角度提出了若干政策性建议
关键字:公司债券市场,中小企业融资
ABSTRACT
SME financing problem has always been a serious and chronic
problem which has plagued the world economy for a long time. The
opaqueness of SMEs information, the lack of mortgage assets and their
unstable credit demand, determined that it is extremely hard for SMEs to
earn the support of bank loans. In the same time, the development of
SMEs is the backbone of stabling economic growth and social
employment. SMEs directly determine the healthy development of the
economic situation of the whole society.
In this paper, the author starts from analyzing the financing problems
faced by SMES, from both the internal view and external view, then
combined the thoughts with research results of domestic scholars as well
as foreign scholars. After comparative analysis and systematic analysis,
the author find out the developing the corporate bond market is an
effective way of solve the financing problems of SMEs.
Then the author goes through what an important role the corporate bond