Research on the Impact of Financial Ecological Environment on SMEs Financing

Small and medium-sized enterprises have been facing the financing difficulties. A good financial ecological environment will play an important role in solving the above problem. Financial ecological environment refers to the sum of all social and natural factors closely related to the survival and development of financial industry, which can be divided into economic environment, financial environment, government environment and credit environment. It can be concluded from theoretical analysis that each of the four environments has an important positive impact on SME financing. In this paper, principal component analysis method is used to select the growth rate of tertiary industry, bank deposit-loan ratio, budgetary fiscal revenue/budgetary fiscal expenditure, non-performing loan rate as the factors. The linear regression equation between financial ecological environment and financing of SMEs is given by the regression analysis. The results show that the impacts of economic environment, financial environment, government environment and credit environment on SMEs financing declines one after another.