摘要
任何企业的发展都需要筹措足够的资金,民营中小企业同样如此。但如果融
入的资金不能创造很好的效益,企业不能按时偿还资金,就会给企业带来较大的
财务风险,甚至因为丧失偿债能力而面临破产。可见,如果民营中小企业对投入
资金的效益与风险的不确定性认识不足,再加上企业管理的不完善,在融资过程
中必然会出现融资风险。究其原因,主要是因为民营中小企业缺乏一种先进的管
理理念和方法控制相关的融资风险,指导自身的融资决策。因此,研究民营中小
企业债务融资风险并对其进行科学地管理与控制具有重要的现实意义。

本文分为五章,其中第一章是绪论部分,简要介绍研究背景、意义以及国内
外相关理论;第二章主要介绍了债务融资风险的表现和识别及不同融资方式存在
的风险;第三章通过结合民营中小企业实际情况与相关融资理论,分析了民营中
小企业融资风险的成因;第四章是构建债务融资风险的评估体系,首先是选择评
估指标,然后利用功效系数法对融资风险进行分析与评估,形成一个较为系统的
风险评估方法,并通过实例进行验证。第五章提出了民营中小企业应采取的债务
融资风险管理措施。

关键词:民营中小企业,债务融资,融资风险,风险管理
ABSTRACT
The Private SMEs make up a big proportion of the national economy, They have
created a great number of employment opportunities and made many tecnological
creations, the culture of Private SMEs,the spirit of enterprises, the realize of risk
taking have become the essence of modern ization and foundation of the innovation
and development of market Economy.There would be no market Economy if there
were no Private SMEs .
Any enterprises development and commercialization need melts product enough
money . The Private SMEs is not exceptional also .But great management risk is exited
in Private SMEs because they are usually vulnerable in keeping themselves from risk.
And today a large number of Private SMEs don't realize the importance of financial
risk's management.During the development of the market economy,it's possible for
Private SMEs to meet bankruptcy in their operation. It's more and more important to
find an efficient way to manage the financial risk.
The article is made up 5 chapters.
The first part is a brief introduction of research methods related theories.
The second chapter will explain the form of expression and discrimination of the
debt financing risk.
The third chapter is the analysis of Private SMEs' financing risk causes which
base on financing theory and real situation.
The fourth chapter is the financing risk analysis and evaluation combining with
efficient the coefficient method.by using the example of reality.
The fifth chapter puts forward the debt financing risk management
measures.which Private SME should take.
KEY WORDS: Private SMEs,debt financing, financing risk, risk management