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The Competitiveness Of SMEs Based On The Ability Of Capital Financina Research

Posted on:2013-12-26Degree:MasterType:Thesis
Country:ChinaCandidate:F YeFull Text:PDF
GTID:2249330395962311Subject:Business management
Abstract/Summary:PDF Full Text Request
Minor enterprises which are involved in almost all economical areas are anindispensable part of national economy and they are increasingly playing a crucialrole in economic growth and employment promotion. However, minor enterprises arefacing financing difficulties in market competition. As a result of this, augmentingcompetitiveness is becoming an imperative issue in present-day and age.This essay demonstrates a series of theories related to minor enterprises,pioneering business, enterprise competition and enterprise financing and it alsoanalyses the close relationship between enterprise financing and minor enterprisecompetition. It is found that there are some problems such as small-scale financing,high cost of financing, high-risk business operation, non-transparent or asymmetricalinformation, guaranty scarcity and credit deficiency which are severely impactingminor enterprises on their financing ability and competition.The venture financing capacity of minor enterprises is consist of endogenousfinancing capacity, debt financing capacity and equity financing. The availableresources, capacity and environment of minor enterprises can be used to analyzefactor layer, structural sheet and system layer in small and medium-sized enterprises.Furthermore, the synthesized method between Analytic Hierarchy Process (AHP) andExpert Evaluation Method (EEM) is applied to constitute the system and model of theevaluation. This essay shows key advantages, key disadvantages, surplus advantagesand non-related areas in two-dimensional evaluation model of importance degree andrelative intensity on the base of the analysis on the S Ceramic Limited Company inLinyi, Shandong province. Then, it can be concluded that profound influence thatcredit rating, profitability, cash recycling capacity, debt paying capacity and policy ofretained earnings may exert on the minor enterprise competition. At the end of thisessay, according to the practical situation in our countries, some effectual measuresare proposed in order to enhance venture financing capacity, thereby augmenting thecompetition of minor enterprises.
Keywords/Search Tags:minor enterprises, financing capability, competitiveness, profitability
PDF Full Text Request
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