摘要近些年，中小企业在整体国民经济中占比不断提高，其对经济增长、创造税收、增加就业等方面的贡献越发得到社会的认可和政府及经济学界的关注。经济学界就中小企业生存、发展等展开广泛的讨论，政府也与时俱进，根据市场的需求适时的颁布相关法律法规，为中小企业发展保驾护航。本文在参考前人研究的基础上，结合工作实际，试图探讨中小企业规模及其贷款融资额对企业成长的作用。通过对北京市某国有大型担保机构提供贷款担保的中小企业客户群体中进行筛选，最终选出76家中小企业的数据作为样本。通过对样本企业2010-2012年财务数据的统计分析，定义变量，并初步建立了多元线性回归模型。之后改进为建立基于两时期面板数据分析的一阶差分方程，分别探讨了在企业规模和其贷款额的共同作用下与中小企业的成长的相关关系。对于企业成长的表现形式上，分别以销售收入、总资产、固定资产、营业利润等指标的增量作为被解释变量，从不同角度验证此相关关系，并得出主要结论：（1）我国中小企业的成长总体上与企业规模相关关系较为明显，其成长不符合Gibrat’sLaw。（2）销售收入、总资产、固定资产等的增长均与企业规模相关性较强，而营业利润的增长与企业规模无明显相关关系。（3）贷款额及贷款增加额在总体上对中小企业的成长呈促进作用，但其相关性不如企业规模明显。（4）贷款额与贷款增长额与销售收入的增长均无明显的相关关系，贷款额与企业总资产的增长、固定资产的增长无明显相关关系；但贷款增长额与企业总资产的增长、固定资产的增长均呈较为明显的相关关系；无论贷款额或者贷款增长额均与营业利润的增长无明显相关关系。最后，本文就得出结论分别从政策制定者、中小企业经营者、中小企业融资提供者角度给出实践建议。关键词：中小企业；规模；融资；成长AbstractInrecentyears,thedevelopmentofsmallandmedium-sizedenterprisesandtheircontributionsofeconomicgrowthandtheemployment,isconcernedbymoreandmorepeople.Studiesonthegrowthofsmallandmedium-sizedenterprises,financingandotherissuesarealsodiscussed,andthegovernmentpromulgatedmanylawsandregulationstopromotethedevelopmentofsmallandMedium-sizedEnterprises.Inthispaper,onthebasisofthepreviousstudies,attemptstoexplorethesmallandmedium-sizedenterprises’sizeandloanamountonthegrowthpromotingeffect.Throughtoonelargestate-ownedguaranteeinstitutionsinBeijingtoprovideloanguaranteesforsmallandmedium-sizedenterprisescustomergroupswerescreened,andultimatelyselected76smallandmediumenterprisesassamples.Throughtothesampleenterprises’2010-2012annualfinancialdatastatisticalanalysis,definitionofvariables,andthepreliminaryestablishmentofamultiplelinearregressionmodel.Thenafirst-differencedequationisbuiltbasedontwoperiodpaneldataanalysis,arediscussedrespectivelyintheenterprisescaleandtheamountofloansunderthecommonandgrowthofsmallandmedium-sizedenterprisesrelationship.Forenterprisegrowthforms,respectivelywithsalesrevenue,totalassets,fixedassets,operatingprofitindexincrementastheexplainedvariable,fromdifferentanglestoverifythisrelationship,andthemainconclusions:(1)Onthewhole,thegrowthofourcountry’ssmallandmedium-sizedenterprisesaremoreobviouswiththeirsize,itsgrowthdoesnotmeettheGibrat'sLaw.(2)thegrowthsofthesalesincome,totalassetsandfixedassetshavestrongcorrelationwiththeirsize,thoughtheirbusinessprofitgrowthhasnoobviouscorrelationrelationship.(3)theloanamountandloanincreaseingeneralisstimulativeeffecttothegrowthofsmallandmedium-sizedenterprises,buttherelevanceissmallthantheirsize.(4)theloanamountandloangrowthhasnosignificantcorrelationtorevenuegrowth,andtheloanamountalsohasnosignificantcorrelationtothegrowthoftotalassetsandfixedassets;buttheloangrowthshowedobviousrelationsh...
