With the development of market economy and the deepening of economic system reform, some of the Small and medium-sized（SME） enterprises have become the most dynamic economic growth point in the national economy. Nev...With the development of market economy and the deepening of economic system reform, some of the Small and medium-sized（SME） enterprises have become the most dynamic economic growth point in the national economy. Nevertheless, SMEs are facing a lot of problems in the market competition, such as technical backwardness, information lag, lack of talents, etc.. The healthy development of SMEs is very important, whereas, SMEs’ financing is a worldwide problem, and the result of financing game between banks and enterprises depends on a variety of decision-making factors. In this paper, from the point of view of bank, we analyze the diffi culties of external financing of SMEs, and establish a financing game model based on different risk categories, in order to better solve the problems that remain in the process of financing and promote the healthy and sustainable development of SMEs.展开更多
Equity financing and debt financing are the main financing methods for small and medium sized enterprises. Based onthe samples of small and medium-sized enterprises listed on the Shenzhen Stock Exchange during 2010 an...Equity financing and debt financing are the main financing methods for small and medium sized enterprises. Based onthe samples of small and medium-sized enterprises listed on the Shenzhen Stock Exchange during 2010 and 2015, we collected theturnover data and studied the influence factors in financing and constraints. The results show that science and technology enterpriseshave different tendency in equity financing in different stages of social development. In the stage of social currency additional, theseenterprises tend to debt finaneing. Besides, those science and teehnology enterprises with better ability in sustainable development andinnovation ability are easier to get equity investment; those enterprises with more enterprise strength and government subsidies seemedmore sueeessfully in obtaining debt investment.展开更多
Tourism industry has already become an important part of national economy,which not only played a positive role in the development of the economy,but promoted the adjustment and optimization of industrial structure.Th...Tourism industry has already become an important part of national economy,which not only played a positive role in the development of the economy,but promoted the adjustment and optimization of industrial structure.The paper analyzes the correlation between the tourism industry and the other industry through changes of the Xingwen County tourism industrial output value in the past seven years.With the Gray Model,the correlation degree among the tourism industry and agriculture,industry,transport,wholesale and retail trade,postal and telecommunications industries is measured.The analysis result indicates that the order of the corresponding correlation degree:catering accommodation is 0.691> wholesale and retail is 0.617 > agriculture is 0.616 > Postal and telecommunications industry is 0.610> Transport is 0.602> Industry is 0.537.In accordance with the actual conditions of the industry in Xingwen,the industrial development policies and measures are put forward,which help the tourism industry Xingwen their rapid,coordinated and highly efficient operation.展开更多
文摘With the development of market economy and the deepening of economic system reform, some of the Small and medium-sized（SME） enterprises have become the most dynamic economic growth point in the national economy. Nevertheless, SMEs are facing a lot of problems in the market competition, such as technical backwardness, information lag, lack of talents, etc.. The healthy development of SMEs is very important, whereas, SMEs’ financing is a worldwide problem, and the result of financing game between banks and enterprises depends on a variety of decision-making factors. In this paper, from the point of view of bank, we analyze the diffi culties of external financing of SMEs, and establish a financing game model based on different risk categories, in order to better solve the problems that remain in the process of financing and promote the healthy and sustainable development of SMEs.
文摘Equity financing and debt financing are the main financing methods for small and medium sized enterprises. Based onthe samples of small and medium-sized enterprises listed on the Shenzhen Stock Exchange during 2010 and 2015, we collected theturnover data and studied the influence factors in financing and constraints. The results show that science and technology enterpriseshave different tendency in equity financing in different stages of social development. In the stage of social currency additional, theseenterprises tend to debt finaneing. Besides, those science and teehnology enterprises with better ability in sustainable development andinnovation ability are easier to get equity investment; those enterprises with more enterprise strength and government subsidies seemedmore sueeessfully in obtaining debt investment.
文摘Tourism industry has already become an important part of national economy,which not only played a positive role in the development of the economy,but promoted the adjustment and optimization of industrial structure.The paper analyzes the correlation between the tourism industry and the other industry through changes of the Xingwen County tourism industrial output value in the past seven years.With the Gray Model,the correlation degree among the tourism industry and agriculture,industry,transport,wholesale and retail trade,postal and telecommunications industries is measured.The analysis result indicates that the order of the corresponding correlation degree:catering accommodation is 0.691> wholesale and retail is 0.617 > agriculture is 0.616 > Postal and telecommunications industry is 0.610> Transport is 0.602> Industry is 0.537.In accordance with the actual conditions of the industry in Xingwen,the industrial development policies and measures are put forward,which help the tourism industry Xingwen their rapid,coordinated and highly efficient operation.
