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1、密级:NANCHANGUNIVERSITY外文翻译THESISOFBACHELOR(2008—2012年)学院:共青学院系别:经济贸易系专业:经济学班级:08经济学本科学生姓名:崔恩凯学号:8056208054指导老师:幸伟TheareasofSMEfinancingchannels:anoverview1.IntroductionInallcountries,SMEsareanimportantsourceofeconomicgrowthandcreatejobs.Inaddition,thesecompaniesthroughtheirdynamismandflexibi
2、lity,thepowerofinnovationanddevelopment.Theresearchmethodistostartfromtheliteraturetohighlighttheimportanceofthethemeofourresearch.ThispaperanalyzesthedataandstatisticsbasedonmainlybytheWorldBanksurvey,smallandmedium-sizedprivateenterprisesinRomaniabysomeempiricalresearch.Accordingtothemeth
3、odused,andpointedouttheimportanceoffinancingofSMEsandenhancethepublicbodiesconcernedabout,especiallythemeasurestakentoimprovefinancialdevelopment.2.theliteratureonSMEsfinancingchannelsApopularacademicliteratureonthefinancingchannelsofSMEs,haswitnessedalotofresearchtosolvethisproblem.Countle
4、ssresearchstudieshaveindicatedthatfinancingchannelsisacriticalobstacleinthegrowthanddevelopmentprocess,especiallyinsmallandmediumenterprises.ThroughBakerDumontreggae-KeLute,Ivan,andMarcaSmokinPopovich(2004)research,reflectingthefundamentalfactorsof10000enterprisesfrom80countriesmainlydepend
5、onthefinancingofenterprises.Therefore,therelationshipbetweenthestudyhighlightsthecorporatefinanceanditscharacteristicssuchasage,sizeandstructureofpropertyrights.Fromthisperspective,theauthorsfoundthatthesmallsizeoftheyoungcompany,andfacegreaterobstacleswhentheyseekfinancialresources.TheiRes
6、earchDickMeiLekeandSalta(2011)analysisofmacroeconomicandinstitutionalfactorsaffectingSMEfinancingloansthroughthestatisticaldatafound.Inothersimilarstudies,theauthorsfoundapositivecorrelationbetweentheoveralleconomicdevelopment(ameasureofpercapitaincome)andfinancialdevelopment(measuredbypriv
7、atelendingratioofgrossdomesticproduct),ontheotherhand,thelevelofSMEfinancingistheopposite.Inaddition,theauthorsshowthattheleveloffinancingforSMEsdependsonthelegalstructureandoverallbusinessenvironment.1.intheprocessofSMEfinancinginthegeneralobstaclesInge