Analysis Of The Puzzledom Of The SMEs Financing In Economy Transition Countries

The SMEs of the economy transition countries contribute their power in abating goods shortening, allocating labor force and activating city and county economy developing after 20 century 80s. But a lot of the SMEs of these countries encounter the puzzledom of finaning in developing, if resolving irrelevantly, these puzzledoms will be in the way of developing of SMEs of these economy transition countries in the future, indeed encumbering own country's economy developing. Therefore, carefully researching the problem of the SMEs'financing puzzledom in the transition countries and finding out resolving project linking these countries'reality are very significant without question.Presently, the actuality of the SMEs financing is flinty in transition countries,the SMEs mainly encounter the following finaning puzzledom: A majority of the SMEs lack adequate developing funds, and the ways of financing is single relatively, mostly depending on accumulating themselves and asset discounting. The SMEs also hardly acquire external and long-term financing by formal channel, so the activities of informal financing of the SMEs are rampant in transition countries. The SMEs of the economy transition countries geting in these financing puzzledoms aren't advantageous to the SMEs promoting own countries'economy and society developing and advancing further.Nevertheless, Probing into reasons of coming into being the SMEs financing puzzledom in transition countries , there mostly are two kinds of factors. One kind is the general factors, which include financing institution preferring to the large size of enterprises, absence and innovation of the technology of loan , the asymmetry of information between financing institution and the SMEs, the SMEs dishonoring and so on. The other kind is special factors, which include the weak system of financing, financing corruption severely and discriminating private property right of the SMEs in transition countries.If want to improve the finaning puzzledom, we couldn't count on market mechanism's spontaneity to resolve these puzzledom. Especially under market mechanism of these economy transition countries being not perfect, the SMEs finaning efficiently still rely on the gorvernmens of these transition countries'intervening and adjusting intentionally and finaning institution and SMEs'reaction timely. Namely the governments take measures to lead to construct finaning system of adapting own country's SMEs developing, the finaning institutions reform deeply and the SMEs advance own strength and improve the capability of finaning.