目 录
一、高新技术企业融资的相关概念界定 ································1
㈠ 高新技术企业的内涵 ···········································1
高新技术企业的界定 ·········································1
高新技术企业的特点 ·········································1
㈡企业融资的内涵 ················································2
二、高新技术企业融资的影响因素 ····································2
㈠ 影响融资的宏观因素 ···········································2
1. 政府财政政策 ···············································2
2. 税收政策 ···················································2
3. 市场效率 ···················································2
4. 国民的投资偏好和经济发展水平 ·······························3
㈡ 影响融资的微观因素 ···········································3
1. 高新技术企业的行业特征及资产性质 ···························3
2. 高新技术企业的融资能力及融资灵活性 ·························3
3. 高新技术企业的成长阶段 ·····································4
4. 高新技术企业的收益特征 ·····································4
三、我国高新技术企业的融资现状 ····································4
㈠ 财政融资现状 ·················································4
㈡ 银行融资现状 ·················································5
㈢ 商业融资现状 ·················································5
㈣ 证券融资现状 ·················································5
㈤ 我国高新技术企业融资现状总结 ·································6
四、我国高新技术企业融资策略的建议 ································6
㈠ 建立多元化的投资主体 ·········································6
㈡ 优化企业的资本结构 ···········································6
1. 建立我国的创业板市场和柜台交易市场体系 ·····················7
2. 完善我国高新技术企业创业投资基金 ···························7
3. 建立和完善我国高新技术企业的信用担保机制 ···················7
㈢ 保障投资主体的检出渠道畅通 ···································7
㈣ 设立扶持高新技术企业发展的财政专项基金 ·······················7
㈤ 建立健全扶持我国高新技术企业融资的法规 ·······················8
结论 ······························································9
参考文献 ··························································10
内 容 摘 要
知识经济时代,高新技术企业已成为推动一个国家、地区的经济快速发展、技术进步、政治稳定、国际分工与竞争的主要力量，是衡量一个国家或地区经济实力的重要标志。高新技术企业与传统企业不同,它具有特殊的运作机制。高新技术企业以发明创造为基础, 创新是它的灵魂,这恰恰导致了它的高投入性,高风险性和高收益性等自身特点。而这些特点使得高新技术企业的融资比一般传统企业困难——贷款难,直接融资难,形成“融资瓶颈”。因此,在其发展过程中,融资难的矛盾日益突出,资金短缺问题成为制约高新技术企业发展壮大的最主要障碍之一。
本文首先简要阐述高新技术企业融资理论，概括性地论述了我国高新技术企业融资的现状，对融资障碍及我国高新技术企业融资策略未来发展的趋势进行了分析，提出对于我国高新技术企业融资的建议。旨在明确我国高新技术企业融资的方向,促进我国高新技术企业的发展,提高我国高新技术企业的国际竞争力。
关键词: 高新技术企业；融资；政策；策略；企业发展
