Financing Difficulties and Strategies for Stable Subsistence in Small & Medium Enterprises

摘要：

This study,on the basic assumptions of the finance structure theory and the credit rationing theory,discusses the solutions to the financing difficulties of small & medium enterprises.Through the demonstrative study on 132 small & medium enterprises,it reveals the specific causes of the financing difficulties in two aspects,namely,the macroscopical financing environment and the interior characteristics of small & medium enterprises.Through introducing the complexity science to describe the evolutionary process of small & medium enterprises,it illustrates that stable subsistence is a typical state of small & medium enterprises.The influences of the stable subsistence strategy to the financing of small & medium enterprises are as follows: i) the stable subsistence strategy is an important option for the development of small & medium enterprises;ii) it brings new challenges to the finance structure theory;iii) it can practically decrease the credit gap of small & medium enterprises.

关键词： Financing Stable subsistence Small & medium enterprises Strategy

作者: LIU Feng Tao CHEN Jing

作者单位: Glorious sun School of Business and Management,Donghua University,Shanghai China 200051 Foreign Language Teaching and Research Department of Hebei Medical University,Shijiazhuang China 050

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 1594-1598

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）