关键词: 东北老工业基地, 中小企业, 融资结构, 规模歧视, 影响因素

Abstract: Due to the differences in economic development levels and financial system, the theory and practice of financing both vary obviously in different regions. So, an empirical analysis is made of the financing structure and influencing factors on the SMEs (small/medium-size enterprises) in Northeast China's old industrial base through comparing it with other developed regions by means of multi-linear regression model and stepwise regression. The result shows that both the structure and factors mentioned above are different from those in other developed regions, e.g., most of the SMEs are state-owned and traditional manufacturers with low accumulation of funds and high assets-liabilities ratio, the selection of financing for liabilities has been transferred to commercial credit from traditional bank loan or other forms of indebtedness, the total assets and number of employees are significantly related to the financing for liabilities, which shows that the 'scale discrimination' is specially obvious in the Northeast China's old industrial base.