中小企业应收账款融资研究

中小企业应收账款融资研究

摘  要：应收账款融资是21世纪以来金融创新的重要成果之1，相对于传统的股票融资和债券融资，应收账款融资为那些按照传统标准难以在资本市场上融资的中小企业和难以解决大量应收账款的企业提供了1个有效的融资途径。但是银行在提供贷款时过分依赖不动产做担保，可提供的信贷资金总量与中小企业可供抵押质押担保的资金信用总量存在巨大差额，这是因为我国缺乏对应收账款等动产物权的法律保护，因而银行针对应收账款进行融资工具创新的激励不足。本文主要从法律和银行的角度分析了中小企业应收账款融资过程中存在的障碍，认为我国要在《物权法》中尽快制定包括应收账款在内的浮动抵押规定，保护债权人权利；银行要积累和完善对应收账款的分析技术，加大产品创新力度。

关键词：中小企业； 应收账款融资； 浮动抵押

The small and medium-sized enterprises account receivable financing studies
 
Abstract: Account receivable financing is one of the important achievements in financial innovation since 21st centuries, compared with tradtional stock financing provide and securities financing. receivables finacing provides a effecive approach to resolve the financing problem in small and medium-sized enterprises capital market. According to the World Bank statistics, it indicates that one of vital reason for the nasty problem is lots of reveivables without being security. In fact, it is mainly because of lack of law protection forproperty. Therefore, the bank have insufficent stimulus in financing tool innovation, excessively take real estate as a security. And there is substantial differentials between  the capitl market demand and supplies. From the law and bank angel, the whole article holds that the floating mortage regulation should be made as soon as possible in <<property law>> including receivables finacing, protect the cerditors right; while the bank need accumulating and perfecting the analysis technique, as well as intensifing product innovation.

Keywords: small and medium-size enterprises;   account receivable financing;   Floating mortage