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《Commercial Research》 2007-03
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Small and Medium-sized Enterprises(SMEs) Financing: Status,Controversies and Consensus

XU Xin-zhong,ZHANG Ge(Guanghua School of Management,Beijing University,Beijing 100871,China)  
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.
【Fund】: 北京大学光华管理学院民营经济研究院的研究项目《中小企业融资:国际经验对我国的启示》的部分成果
【CateGory Index】: F275
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【References】
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【Co-citations】
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1 TANG Zhi-xiang (Economic College,Anhui University,Hefei 230039,China);Analysis and Countermeasures for the Difficulty in Financing of Small and Medium-sized Enterprises[J];;2004-03
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【Co-references】
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1 TANG Zhi-xiang (Economic College,Anhui University,Hefei 230039,China);Analysis and Countermeasures for the Difficulty in Financing of Small and Medium-sized Enterprises[J];;2004-03
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