Title: Small and Medium-sized Enterprises(SMEs) Financing: Status,Controversies and Consensus
Abstract: The international comparison of many countries′financing patterns shows that internal financing is the main source of firm′s fund, whilst external financing,mainly comprised of indirect funds(dominated by bank loans),is bottlenecked.This pattern is especially significant in small and medium-sized enterprises(SMEs for short).From various perspectives respectively,the paper presents several SMEs financing theories and different impacts of the risk and return matching modes on the fund demand and supply.The paper also propose diverse policies involving both consensus and controversies.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot