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The Research On Financial Support Of Japanese Small And Medium-sized Enterprises

Posted on:2012-12-20Degree:MasterType:Thesis
Country:ChinaCandidate:B B YangFull Text:PDF
GTID:2189330332497071Subject:World economy
Abstract/Summary:PDF Full Text Request
In the light of the economic development of the countries all over the world, small and medium-sized enterprises(SMEs) are the main supporter of the country's economic development. They have played a decisive role in stimulating the market competition, boosting the market efficiency, increasing job opportunities and promoting technological innovation. Therefore, to promote the rapid development of small and medium-sized enterprises is the important measure of enriching the country and its people. The fast development of the small and medium-sized enterprises is one of the essential conditions for the country's rapid economic development. If the small and medium-sized enterprises are to make rapid development, fund is dispensable. However, the reality of financial shortage is the mostly concerned problem in the process of the development for the small and medium-sized enterprises. By studying the financial support and analyzing Japanese rich experience in supporting the finance of the small and medium-sized enterprises, the article is aimed at putting forward some suggestions which will help to improve the policy on supporting the finance of the small and medium-sized enterprises.To start with the definition of the small and medium-sized enterprises, the article clearly sets the standard for the definition of the research object, Japanese small and medium-sized enterprises. The specific ways of financial support are listed according to the theme "financial support" of the article. It needs to be explained that financial support not only means bank's interest subsidies, it also has the broad connotation by the modern financial system. The financial support includes credit financing, credit guarantee, risk investment, and second board market and informal finance. Then the article analyzes and induces the practice of the financial support of Japanese small and medium-sized enterprises. And it expounds that Japan has obtained the effect and experience on supporting the development of the small and medium-sized enterprises from the respects of its formation background, financial legal environment and financing system. Japan has possessed a complete set of legal norms after its long term groping and development. In the norm environment, on the one hand, the financing policy institutes are established, which create a system of their own, the capital source of which is unique. On the other hand, a lot of nongovernmental financing institutes are established. Japan not only has opened up multiform and direct financing channels, but also gradually developed a thorough set of indirect financing system for the small and medium-sized enterprises and meanwhile the credit guarantee system is established. These policies and measures make Japanese small and medium-sized enterprises develop step by step, which have made a great contribution to Japanese economic recovery after the Second World War and the rapid economic development as well.In China, a half of the enterprises are small and medium-sized ones, who are the major creators of material wealth, the main source of social employment and the important carrier of improving people's life as well. However, there still exist such problems as the inefficiency of financing function in financing institutes, less policy support to small and medium-sized enterprises, weak direct financing ability and weak financial muscle. On the basis of studying the theory and analyzing practice, using Japanese experience and integrating the reality related in China, the article proposes the following suggestions to strengthen the financial support policy of small and medium-sized enterprises. The first one is to strengthen the legal safeguard system, fundamentally ensure and further improve the development of small and medium-sized enterprises. The second one is to establish the complete framework of financial support. The third one is to enlarge the direct financial source in the form of private equity. The fourth one is to strengthen the credit system to lay a good foundation for the development of small and medium-sized enterprises. The fifth one is to enlarge non-governmental financing to support the development of small and medium-sized enterprises by informal finance. The sixth one is to promote the development of chattel mortgage to ease up the financing problem by the enterprise resources. The seventh one is to focus on the development of small and medium-sized enterprises themselves and grasp the opportunities for development.
Keywords/Search Tags:small and medium-sized enterprise, financial support, financing system
PDF Full Text Request
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