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Financing Difficulties And Countermeasures For Small And Micro Businesses In Ningbo

Posted on:2014-03-08Degree:MasterType:Thesis
Country:ChinaCandidate:F R WangFull Text:PDF
GTID:2269330422465397Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Ningbo as Chinese coastal economically developed city, Over the years the economy hasmaintained rapid growth,The large number of small and micro businesses has played a great role.The effect of small and micro businesses in economic development is increasingly prominent inNingbo, Mainly in the increasing employment opportunities、auxiliary enterprises、promotetechnology renovation、increase local financial revenue、improve the economic structure andpromote the market competition.But the small and micro businesses belong to vulnerable groups in economicsystems,generally they will be discriminated against because of size and ownership. For small andmicro businesses in Ningbo, due to the small-scale, less own capital, poor ability to resist risks, lowcredit rating and other reasons, Banks naturally do not want to take the risk of lending, therebygenerating a "difficult financing". This is the small and micro businesses inevitable "growingpains".the most difficult thing of small and micro businesses is financing,it has become thebottleneck of the development of small and micro businesses. A financial sector veteran called this"a deadlock"--Small and micro businesses are most in need of funds, but most do not have thefinancing conditions, lack of funds will affect the development, the development is still difficult forbad loans from the bank.The research object of this paper is financing problems and countermeasures of small andmicro businesses in Ningbo. This paper first reviews the theory of corporate finance: non-symmetric information theory, theory of credit rationing and the relationship between financetheory, which provides a theoretical basis for the rest of the analysis. Next, from the financingchannels and cost,the paper analyze the current situation of the financing difficulties of small andmicro businesses in Ningbo, combined with the latest cases of corporate finance, it makes theanalysis of the problem more authoritative. Then the article start from corporate’s outside andinside for two reasons, it analyzes the financing problems of small and micro businesses in Ningbofor specific reasons, such as external policy, legal aspects, market, financing system, theenterprise’s own products,weak competitiveness of small-scale businesses, excessive concentrationof property rights, financial irregularities, low quality of the business owners. Then the article introduced specific supporting policy of the United States, Germany and Japan for small businesses,which provides a good reference for Ningbo and even our country to solve the financing problemsof small and micro businesses. Finally, based on the analysis of the reasons,the article put forwardssystematic and targeted financing measures for small and micro businesses.Only through the joint efforts of governments, financial institutions and enterprises, we canestablish a diversified, market-based financing system, and ultimately solve the financing problemof small and micro businesses in Ningbo,Which offers a variety of financing channels for smalland micro businesses,to promote enterprise development, give full play to the important role ofsmall and micro businesses, to promote rapid economic development for Ningbo.
Keywords/Search Tags:Small and Micro Businesses in Ningbo, Financing, Difficulties andCountermeasures
PDF Full Text Request
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