On Optimizing SME Structure in Debt Maturity and Financing Efficiency - Data Research from Listed A-shares Companies in China

摘要

When small and medium-sized enterprises take advantage of the debt financing, they should consider the financing efficiency. Not only the financing efficiency includes financing cost of servicing their debt, but it includes the allocation efficiency of debt capital. This paper takes the financial data based on the Chinese listed a-share SMES as a basis and deal with the relationship of debt maturity and the financing efficiency, in order to optimize the structure of small and medium-sized enterprises in debt maturity and improve the financing efficiency.