Drinking dove to quench thirst: Research on cross-contagion risk measurement and control mechanism of investment and fi nancing term mismatch of small and micro enterprises in China
Abstract
In recent years, more and more enterprises use a large amount of short-term funds for long-term investment, and this
phenomenon of “maturity mismatch” not only increases the risk of enterprises but also brings great impact on the real economy. Based
on the quantitative and qualitative data of new third edition listed small micro enterprises, this paper uses two-stage interpretative mixed
research method to measure the cross-contagion risk of investment and fi nancing term mismatch of small micro enterprises in our country,
and refers to foreign experience, and puts forward countermeasures and suggestions on how to build the dynamic control mechanism of
investment and fi nancing term mismatch of small micro enterprises in our country.
phenomenon of “maturity mismatch” not only increases the risk of enterprises but also brings great impact on the real economy. Based
on the quantitative and qualitative data of new third edition listed small micro enterprises, this paper uses two-stage interpretative mixed
research method to measure the cross-contagion risk of investment and fi nancing term mismatch of small micro enterprises in our country,
and refers to foreign experience, and puts forward countermeasures and suggestions on how to build the dynamic control mechanism of
investment and fi nancing term mismatch of small micro enterprises in our country.
Keywords
small and micro enterprises; Investment and financing term mismatch; Cross-infection risk; Measurement; Control
mechanism
Full Text:
PDFReferences
[1] Meijuan Guo. Company performance and stock price collapse risk [J]. Guangdong Sericulture, 2019, 53(1):2. (in Chinese)
[2] Jiexian Liu. Corporate debt maturity structure selection based on information asymmetry [J]. Journal of Jilin Business and Technology University, 2018,
34(4):4.
[3] Yun Wang,Xiang He. How does the mismatching of investment and financing term affect the performance of enterprises? [J]. Scientific
Decision,2022(10):95-110.
DOI: http://dx.doi.org/10.18686/modern-management-forum.v7i11.11405
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