Firm Heterogeneity, Financing Models and Credit of Small and MicroEnterprises of Science and Technology
Zhong Ming1, Guo Wenwei2, Song Guanghui1
1.School of Business Administration, South China University of Technology, Guangzhou 510641, China; 2.Finance Department, Guangdong University of Business Studies, Guangzhou 510320, China
Abstract：This paper makes an empirical study on the relationship among firm heterogeneity, financing models and credit level based on small and micro enterprises(SME)of science and technology.The results showed that SMEs operation scale(sales revenue, net assets), operational capacity(total asset turnover), profitability(return on total assets)and solvency(net cash flow to current liabilities ratio)have a significant positive impact on the credit level.
钟明;郭文伟;宋光辉. 企业异质性、融资模式与科技型小微企业信用[J]. , 2013(11): 117-123.
Zhong Ming;Guo Wenwei;Song Guanghui. Firm Heterogeneity, Financing Models and Credit of Small and MicroEnterprises of Science and Technology. , 2013(11): 117-123.
2013, 
