民营企业融资风险之成因分析（Analysis of the causes of private enterprises financing risks）.doc

民营企业融资风险之成因分析（Analysis of the causes of private enterprises financing risks） Analysis of the causes of private enterprises financing risks Abstract: the non national treatment of private enterprises in financing has become the bottleneck restricting their development. book This paper analyzes the financing status of private enterprises in Hubei province and tries to find out the financing difficulties of private enterprises and private enterprises The internal relationship between the potential risks contained in the enterprise itself and the financing of private enterprises on this basis Internal generation mechanism of risk. Key words: private enterprises; financing risk; early warning I. The forms of financing risks of private enterprises in Hubei Province 1., traditional debt financing risk. Compared with other sources of financing, debt financing costs less. But once a business decision is wrong or When the project fails, it faces the risk of inability to repay principal and interest. In practice, most private enterprises Still rely mainly on bank loans to obtain external funding support. Some individuals and private enterprises, due to their asset quality Is not high, no mortgage, no guarantee, it is difficult to obtain loans through mortgage assets, and turn to the people Inter personal lending activities. According to the survey, in the financing structure of private enterprises in recent years, accounting for about the total financing Amount 10% of the funds are through informal channels into the source of such loans scattered, high cost, lack of law Legal guarantee, so it is easy to cause the risk that funds can not be in place in time, so that the enterprise falls into the management predicament. 2., traditional equity financing risk. The cost of equity financing is relatively high, the amount of stock issued, the price, the timing of the decision, and the stock Benefits, distribution policies and so on, may bring potential risks to enterprises. Private e