淺談高新技術企業的融資

一、高新技術企業融資的相關概念界定 ································1

  ㈠ 高新技術企業的內涵 ···········································1

高新技術企業的界定 ·········································1

高新技術企業的特點 ·········································1

  ㈡企業融資的內涵 ················································2

二、高新技術企業融資的影響因素 ····································2

  ㈠ 影響融資的宏觀因素 ···········································2

1. 政府財政政策 ···············································2

2. 稅收政策 ···················································2

3. 市場效率 ···················································2

4. 國民的投資偏好和經濟發展水平 ·······························3

  ㈡ 影響融資的微觀因素 ···········································3

1. 高新技術企業的行業特征及資產性質 ···························3

2. 高新技術企業的融資能力及融資靈活性 ·························3

3. 高新技術企業的成長階段 ·····································4

4. 高新技術企業的收益特征 ·····································4

三、我國高新技術企業的融資現狀 ····································4

 ㈠ 財政融資現狀 ·················································4

 ㈡ 銀行融資現狀 ·················································5

 ㈢ 商業融資現狀 ·················································5

 ㈣ 證券融資現狀 ·················································5

 ㈤ 我國高新技術企業融資現狀總結 ·································6

四、我國高新技術企業融資策略的建議 ································6

  ㈠ 建立多元化的投資主體 ·········································6

  ㈡ 優化企業的資本結構 ···········································6

    1. 建立我國的創業板市場和柜臺交易市場體系 ·····················7

    2. 完善我國高新技術企業創業投資基金 ···························7

    3. 建立和完善我國高新技術企業的信用擔保機制 ···················7

  ㈢ 保障投資主體的檢出渠道暢通 ···································7

  ㈣ 設立扶持高新技術企業發展的財政專項基金 ·······················7

  ㈤ 建立健全扶持我國高新技術企業融資的法規 ·······················8

結論 ······························································9

參考文獻 ··························································10

內 容 摘 要

知識經濟時代,高新技術企業已成為推動一個國家、地區的經濟快速發展、技術進步、政治穩定、國際分工與競爭的主要力量，是衡量一個國家或地區經濟實力的重要標志。高新技術企業與傳統企業不同,它具有特殊的運作機制。高新技術企業以發明創造為基礎, 創新是它的靈魂,這恰恰導致了它的高投入性,高風險性和高收益性等自身特點。而這些特點使得高新技術企業的融資比一般傳統企業困難——貸款難,直接融資難,形成“融資瓶頸”。因此,在其發展過程中,融資難的矛盾日益突出,資金短缺問題成為制約高新技術企業發展壯大的最主要障礙之一。

    本文首先簡要闡述高新技術企業融資理論，概括性地論述了我國高新技術企業融資的現狀，對融資障礙及我國高新技術企業融資策略未來發展的趨勢進行了分析，提出對于我國高新技術企業融資的建議。旨在明確我國高新技術企業融資的方向,促進我國高新技術企業的發展,提高我國高新技術企業的國際競爭力。

關鍵詞: 高新技術企業；融資；政策；策略；企業發展