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Study On The Financing Of Small And Medium-sized Enterprises In China

Posted on:2006-06-10Degree:MasterType:Thesis
Country:ChinaCandidate:D W ZhengFull Text:PDF
GTID:2206360152988141Subject:Accounting
Abstract/Summary:PDF Full Text Request
Though SMEs are playing a hole in the social and economic development of China, yet the growth of them is gravely restricted due to difficulties in financing. Difficult finance is a common problem for many governments in the process of promoting economics, but because of Chinese particularity, especially the hysteretic influences from traditional planning economy, the reasons of difficult finance also are particular such as policy discrimination and bad systems besides mutual reasons with other countries. Taking this issue as main topic and utilizing analytical methods of both empirical, normative, retrospective and inductive, this paper makes a systematic analysis of the difficulties China's SMEs face in financing and reasons behind it, and comes up with some effective counter measures to help solving the problem.From the foreign experience, financing of small-and-medium-sized enterprises relies on the multi-arrangement and multilateral financing system that includes many kinds of financing mode and capital attributes such as outer-source financing, inner-source financing, debt financing, rights and interests financing, etc. In order to support such compound system, under the great environment of market economy every country constantly consummates the environment constructs in policies, laws, codes, finance services, loan assurance, specialized poverty right dealing system, and social assistant system. Meanwhile, they strengthen macro-induct in the respect of modernizing construct of enterprise administering structure.In order to explore how to solve the problems existed in the financing of SMES of our country and improve financing situations on the basis of the situation of our country, this issue firstly put forward the necessary of studying the problem. After an in-depth empirical analysis of the status quo of SMEs financing made in different aspects such as financing channel ,financing structure and methods and the reasons for the difficulties China's SMEs face in financing. Based on the aboveanalysis and taking China's reality into account, in the last part of the paper, the author make suggestions for policymakes to solve the problem of China's SMEs financing and. put forward the aim modes of the multi-arrangement financing system and the counter measures and suggestions about developing this system.
Keywords/Search Tags:SMEs (small and medium-sized enterprises), financing system, information asymmetry
PDF Full Text Request
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