International Journal of Research Studies in Management
CollabWritive Special Issue
2024 Volume 12 Issue 9
Available Online: 15 August 2024
Author/s:
Du, Xiaoyan
Graduate School, Lyceum of the Philippines University – Batangas, Philippines (jihanriha874847@gmail.com)
Abstract:
For small and micro enterprises to achieve rapid and healthy development, it is crucial to have sufficient funds, while improving the financing environment is the top priority. The financing environment includes external financing policies and internal financial conditions. Given the important role of financing in small and micro enterprises, research on external financing policy implementation, internal financial status, and overall financing satisfaction has become a significant topic in the business community. This study addressed a key gap in academic literature by rigorously investigating the relationship between the implementation of financing policies for small and micro enterprises and the impact of their financial status on financing satisfaction. This study adopted a comprehensive mixed method research design, collecting a large amount of quantitative data from 500 financing small and micro enterprises with different samples. Adopting advanced statistical methods, including Structural Equation Modeling (SEM), to ensure the rigor of the analysis. The preliminary research results are enlightening: in financing small and micro enterprises, the implementation of financing policies has a statistically significant positive impact on financing satisfaction efficiency, thus affirming their key role in corporate financing decision-making. Although the overall impact of a company’s financial situation is not significant, it is an important factor that affects its financing. In summary, these findings not only validate the individual and comprehensive significance of financing policy implementation, corporate financial status, and financing satisfaction in corporate financing, but also establish a comprehensive framework for small and micro enterprises to better obtain financing.
Keywords: financial policy implementation, enterprise financing capability, financing satisfaction, financing accessibility framework, small and micro enterprises
DOI: https://doi.org/10.5861/ijrsm.2024.1217
Cite this article:
Du, X. (2024). Financial policy implementation, enterprise financing capability, and financing satisfaction: Basis for small and micro enterprises’ financing accessibility framework in China. International Journal of Research Studies in Management, 12(9), 1-10. https://doi.org/10.5861/ijrsm.2024.1217