中小企业融资结构外文-中小企业融资文献综述国外

文章简介:

急求关于中小企业融资的外文参考文献

研究中小企业融资要参考的英文文献

英文图书和期刊类文献:

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求助:中小企业融资摘要英文翻译

SMEs play a decisive role in China's economic and social development.

And have played an important role in adjusting the economic structure, to enrich and enliven the market, increase employment opportunities, the development of local economy and increasing fiscal revenue, etc.However, the issue of financing has been plaguing the development of SMEs.Meanwhile,take into consideration of the current financial crisis,make deep analysis of financing small and medium-sized problems.Pointing out that there are such phenomenon as narrow channels of direct financing,high financing cost and high risk,low financing credit,discriminatory policy,and Lack of co-ordination of social financial services.etc.To understand the plight of small and medium enterprises financing are of many asepects.Including their lack of small and medium enterprises, financial institutions, monopoly, the development of small and medium-sized financial institutions lagged behind, the development of regulations to protect their not perfect, imperfect capital markets. Therefore, this article-depth analysis of the problems of financing small and medium enterprises, to explore and propose solutions to small and medium enterprises financing measures to fundamentally break through the bottleneck of financing difficulties. Financing solutions to the plight of small and medium-sized small and medium enterprises should increase the competitiveness of their own, and deepen financial sector reforms, improve the capital markets, increase government support to strengthen the social service system building

急求有关中小企业融资问题的外文文献

提供一些有关中小企业融资问题的外文文献,供写作参考。

[1] Allen N Berger, Gregory F Udell. The Economics of Small Business Finance:The Role of Private Equity and Debt Markets in Financial Growth Cycle .Journal of Banking and Finance, 1998, (22) .

[2] Modigliani, F, and Miller, M. h. The cost of capital, corporate finance and the theory of investment .American Economic Review, 1958, (6) :261-297 .

[3] Mallick, R,Chakrabotty, A. Credit gap in small business: Some New Evidence[J] .Working Paper from Econpapers. 2002, .

[4] OECD. A Framework for the Development and Financing of Dynamic Small and Medium Sized Enterprises in Turkey .2005,7, (7) .

[5] Peterson, M,Rajan, R.G. The Benefits of firmcreditor relationship: Evidence from small business data .Journal of Finance, 1994, (49) :3-37 .

[6] SBA. White Paper of Small Business Administration(1998-2000) .the US Government Printing Office, .

[7] Kane,E.J. Accelerating inflation,technological innovation,and the decreasing effectiveness of banking regulation .The Journal of Finance36,355-367. 1981, .

[8] Goss D. Small Business and Society .Routledge. 1991, .

[9] Samuelson L. Evolutionary Games and Equilibrium Selec-tion[M] .1997, .

哪位英语达人帮我翻译一个关于中小企业融资的外文文献吧!0

纯手工翻译,供参考。

银行参与中小企业融资:超越关系型贷款(降低贷款条件。)

近年来,中型和小型企业(中小企业)的融资问题,已成为致力于财政与经济发展工作的经济学家们和政策家们的重要议题,备受关注。这种趋势的原因在于,市场经济中,中小型企业占绝大多数,并解决了大份额的就业问题(Hallberg,2001)。此外,多数大型企业通常是由小型企业发展而来,因此,中小型企业的发展投资能力正是经济体进一步繁荣的关键。

同时,许多学者与政策家指出,中小型企业的融资问题在于缺乏合适的融资渠道,并理应得到特殊帮助。如,政府应出台增加贷款金额等相关政策。各类研究数据表明了此看法的正确性。举例来说,一项对10,000家来自80多个不同国家的企业数据(Beck, Demirgüç-Kunt, Laeven, and Maksimovic 2006)分析表明,其中认为企业发展的最大障碍为融资难的企业,小型企业占到39%,中型企业占据38%,而大型企业占29%。此外,与大型企业的对外融资水平相比,小型企业平均融资资金低于大型企业13个百分点。更为重要的是,特别是对于中小型企业来说,对外融资困难是阻碍企业发展的瓶颈。(Beck, Demirgüç-Kunt, and Maksimovic 2005)

在政策方面,许多措施与政策的出台,包括政府对给予企业最高贷款的银行单位发放津贴以及提供公共保障金,用以促进各国中小型企业的融资水平。最典型的例子要属中国的FOGAPE(小型企业担保基金)政策,其鼓励银行给予小型企业贷款,使得小型企业可在较低信用额度的情况下获得贷款。该项政策有着众多特点,包括鼓励减少(贷款中)不正当行为,提升银行之间的竞争力以及银行自身的承担力。

括号里是文献和数据引用的作者名、年份,就不翻译了。


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sting the Pecking Order Theory of Capital Structure.138Journal of Financial Economics,67:217-248,2003

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