分类号密级
U D C 编号10486
硕士学位论文
税收扶持政策对大学生创业融资能力
的影响研究
——以武汉市为例
研究生姓名：裴雪瑶
学号：2018201150097
指导教师姓名、职称：郭敏教授
专业名称：公共经济管理
研究方向：公共经济管理
二〇二一年九月
RESEARCH ON THE INFLUENCE OF
TAX SUPPORT POLICY ON COLLEGE
STUDENTS'ENTREPRENEURIAL
FINANCING ABILITY
--A CASE STUDY OF WUHAN
BY
Pei XueYao
Sep,2021
税收扶持政策对大学生创业融资能力的影响研究——以武汉市为例
摘要
加快深化“大众创业、万众创新”是增强国民创新动力、促进我国国民经济
和社会可持续发展的必然选择。大学生群体作为国家的中坚力量，文化程度高、
创新能力强，推动大学生创业不仅能以创业拉动就业，还能进而推动社会经济的
发展。资金是一切创业活动开展的前提，融资也是大学生创业过程中面临的重要
问题，而受到中小企业融资环境不乐观的外界因素与企业自身的规模、实力等自
身因素的共同影响，融资也是大学生创业过程中的普遍难题，仅凭企业自身难以
解决，而缺少资金对于企业的运营与发展是十分不利的。此时，基于中小企业融
资面临的信息不对称，政府应当介入，通过制定相应地税收政策来刺激投资者投
资和改变投资者投资项目，从而间接促进企业的融资。因此，有必要研究税收扶
持政策对大学生创业融资的影响，并根据研究结论，对税收扶持政策提出相应地
改进建议。
本文结合信息不对称与信贷配给理论，分析了大学生创业融资难现状的成
因。基于企业生命周期理论，通过比较与分析企业初创期、企业成长期和企业成
熟期三个阶段企业的融资渠道与融资难度差异，着重研究了初创期企业的融资渠
道与特征。由于中小企业融资面临的信息不对称，可以看出政府有依据通过制定
财政政策来影响中小企业融资。我们进而梳理了湖北省及武汉市现行的促进大学
生创业融资的税收政策，将这些税收政策按照影响大学生创业内源融资和外源融
资两方面来分类分析，发现现行税收政策在促进大学生创业内源融资渠道和外源
融资渠道中都存在着不足。
本文通过问卷调查法，对武汉市大学生群体展开调查，并对回收的问卷数据
进行了回归分析。分别研究了税收政策及其四个维度相应对武汉市大学生创业内
源融资能力、外源融资能力和创业融资能力的影响，得出了税收政策对大学生创
业融资能力具有显著性正向影响的研究结论。根据税收政策对大学生创业内源融
资能力和外源融资能力影响差异的研究结果，提出了政府应丰富促进大学生创业
内源融资的税收政策内容和加大大学生创业外源融资税收政策扶持力度的政策
建议。通过不断改进与完善税收政策在促进大学生创业内源融资和外源融资中存
在的不足，减轻大学生创业融资压力，缓解大学生创业融资难的现状，使得大学
生创业群体更好地进行融资，从而推动大学生创业事业的蓬勃发展。
关键词：大学生创业；创业融资；财税政策；武汉市
I
武汉大学硕士学位论文
ABSTRACT
Accelerating and deepening the "mass entrepreneurship and innovation"is the
inevitable choice to enhance the driving force of national innovation and promote the
sustainable development of China's national economy and society.As the backbone of
the country,college students are highly educated and have strong innovation ability.
Encouragement of entrepreneurship among college students can help to boost not only
employment but also the development of the social economy.Capital is the
precondition of all business activities,and financing is also a important problem
facing to the entrepreneurial process of college students.However,the fact that the
funding environment for small and medium-sized businesses is not positive,as well as
the enterprise's own scale,strength and other factors are influencing variables.In the
process of college students'entrepreneurship tend to meet the status of the financing
difficulties,only by the enterprise itself is difficult to solve.And lack of finances is
extremely detrimental to the operation and growth of businesses.At this point,due to
the information asymmetry faced by smes in financing,the government should
intervene to stimulate investors'investment and change investors'investment projects
by formulating corresponding tax policies,so as to indirectly promote enterprise
financing.Therefore,it is necessary to study the influence of tax support policies on
college students'start-up financing,and put forward corresponding improvement
suggestions for tax support policies according to the research conclusions.
Information asymmetry and credit rationing theory are combined in this work,
this paper investigates the causes of the current situation of college students'start-up
financing difficulties.Based on the theory of enterprise life cycle,this paper compares
and analyzes the differences of financing channels and financing difficulties in the
three stages of enterprise start-up,enterprise growth and enterprise maturity,and
focuses on the research of financing channels and characteristics of enterprises in the
initial stage.Because of the information asymmetry that smes face in financing,it can
be seen that the government has the basis to influence smes financing through
formulating fiscal policies.We combed the hubei province and wuhan existing tax
policy,to promote college students'venture financing will affect college students'
entrepreneurship these tax policy in accordance with the internal financing and
II
税收扶持政策对大学生创业融资能力的影响研究——以武汉市为例
external financing from two perspectives to the classified analysis,found that the
current tax policy to promote college students'entrepreneurship endogenous and
exogenous financing channels of financing are insufficient.
This paper used questionnaire investigation to conduct a survey of Wuhan
university students,and regression analysis was performed on the acquired
questionnaire data.This paper studies the influence of tax policy and its four
dimensions on the entrepreneurial financing ability of university students in Wuhan,
including endogenous financing ability,exogenous financing ability and
entrepreneurial financing ability,and concludes that tax policy has significant positive
impact on the entrepreneurial financing ability of university students.According to the
research results of the differences in the impact of tax policy on endogenous financing
ability and the exogenous financing ability of college students,this paper puts forward
some suggestions that the government should expand the tax policy content of
promoting endogenous financing and strengthen the support of tax policies for the
exogenous financing of college students'entrepreneurship.By constantly improving
and perfecting the tax policy in promoting the internal financing and external
financing of college students,alleviate the pressure on college students to Start-up
financing,relieve the current situation of college students'entrepreneurial financing
difficulties,improve the financing of college students'entrepreneurial groups in order
to support the rapid growth of college students'entrepreneurship.
Key words:College Students'entrepreneurship;Entrepreneurship financing;Fiscal
and tax policies;Wuhan
III