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Study on the Factors Affecting the Financing of High-Tech SMEs

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  • Mingjun Zhu

Abstract

High-tech small and medium-sized enterprises (SMEs) have played an important role in promoting the development of Chinese national economy, but most of them are still facing the difficulty in financing. This paper determines the major factors affecting the financing for high-tech SMEs by using multiple linear regression (MLR) method and significance test then comes to a conclusion that enterprise scale, enterprise growth, tangible asset ratio and equity liquidity have positive relationship with the financing of high-tech SMEs while profitability, accumulation, non-debt tax shield and solvency have negative effects.

Suggested Citation

  • Mingjun Zhu, 2017. "Study on the Factors Affecting the Financing of High-Tech SMEs," Asian Social Science, Canadian Center of Science and Education, vol. 13(8), pages 121-121, August.
  • Handle: RePEc:ibn:assjnl:v:13:y:2017:i:8:p:121
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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