Influencing Factors of Financing Constraints of Micro and Small Enterprises (MSEs) in China: A Risk Information Conveyance Perspective

Table 1

Distribution structure of the MSEs.

Organizational form	Operating years	Number of employees	Total assets
Proportion	Proportion	Proportion	Proportion
Sole proprietorship	≤ 5 years	0 people	≤ 100,000 yuan
28.12%	45.92%	2.24%	10.02%
Partnership enterprise	6–10 years	1–5 persons	100,000–200,000 yuan
8.48%	25.62%	34.57%	5.98%
Limited liability company	11–15 years	6–10 persons	200,000–500,000 yuan
52.83%	18.76%	22.59%	12.33%
Stock corporation	16–20 years	11–20 persons	500,000–1 million yuan
4.84%	6.37%	16.99%	15.04%
Farmer cooperative	> 20 years	> 20 persons	> 1 million yuan
4.46%	3.33%	23.62%	56.64%