Theoretical Mechanism and Empirical Analysis about the Impact on Insurance Intervene SME Financing

In order to study the influence of insurance intervene SME financing, by selecting the industrial SME data and property insurance company credit guarantee insurance data of 31 provinces, autonomous regions and municipalities from 2005 to 2011, build individual fixed effect panel data model, use insurance this factor as the explanatory variable, to consider the impact on insurance intervene SME financing. The results show that the involvement of insurance has a positive role on SME financing, and it also has a significant impact when time variable exists. Finally optimize the model, build a bidirectional fixed effect panel data model. The innovation point of this paper is quantization of insurance factors. Finally, put forward several policy suggestions from three aspects: insurance company, enterprise itself and the government.