Author(s)

Liu Ping

Corresponding Author

Liu Ping

Abstract

Technology-Based Small And Medium-Sized Enterprises As An Important Subject of Scientific And Technological Innovation, Can Effectively Promoting The Transformation of Scientific And Technological Achievements Into Real Productivity, But Small And Mid-Sized Enterprise of "High Risk, High Investment, High Return" Characteristics With The Traditional Financing Model Mismatch, And Because of The Different Level of Regional Financial Development, It Faces The Financing Constraints Are Also Different, This Article Embarks From The Theory of Information Asymmetry And Credit Rationing Theories, Root Cause Analysis of The Financing Difficulty of Small And Mid-Sized Enterprise Theory, Combined With The Current Small And Mid-Sized Enterprise Financing Situation, Explore The Mechanism of Small And Mid-Sized Enterprise Produce Financing Constraints.

Keywords

Financing Constraints, Sme, Information Asymmetry, Credit Rationing Theory