Research on Financing Complexity of Small And Micro Enterprises Based on Amartya Sen Entitlement Conception

摘要

To describe the financing coefficients of small and micro enterprises, this paper use price elasticity to build the concrete form of it, basing on Amartya Sen entitlement approach. According to 71 small and micro enterprises' detailed survey data, the paper set up a Log-Linear Model to calculate the financing coefficients of assets, land and revenue and draw a conclusion that there are many constraints and poor status on financing. Meanwhile, increasing the amount of credit has no effect and reforming the financial system is not obvious either. The improvement of the financing availability in SME (small and micro enterprises) is a systems engineering which needs cooperation and collaboration from related factor market reform policies.