On the Relationship between Government and Enterprise of the Financing Availability of Small and Micro Enterprises——Based on Empirical Evidence from Enterprise Surveys(CMES)Small and Micro Enterprises in China
Based on financing constraints for small and micro enterprises,with the survey data of China's small and micro enterprises in 2015 released by China Family Finance Survey and Research Center as the sample data,this paper makes an empirical study on the impact of government-enterprise relationship on the financing availability of small and micro enterprises.It is found that a good relationship between government and enterprise can significantly improve the availability of credit financing,but cannot significantly improve the availability of private credit financing for small and micro enterprises.Financing constraints influences the confirmation of factors in small and micro enterprises,which can provide the factual basis for establishing the new-type relationship between small and micro enterprises and government agencies.
relationship between the government and enterprisessmall and micro enterprisesbank credit financingprivate credit financing
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