This paper conducts an in-depth analysis of the impacts of the global financial crisis on the People’s Republic of China’s (PRC’s) small and medium enterprises (SMEs). It also provides relevant policy suggestions at the end. First, this paper reviews the impacts of the 1997 Asian financial crisis on the PRC’s SMEs, evaluating the policy measures for coping with the crisis at that time and summa...

a limited series of studies on capital structure have been conducted on small-to-medium size enterprises (smes). recent family-bases business literature suggests that these processes are influenced by firm owners’ attitudes toward the utility of debt as a form of financing. other factors like culture, entrepreneurial characteristics, and prior experiences may also be involved. this study intend...

Deregulation of financial systems, internationalisation of financial markets and globalisation of product markets have led to considerable changes in the institutional and economic environment of banks and small and medium sized enterprises (SMEs). In this paper we examine the impact of these overall changes on the evolution of the exclusive „Hausbank“-relationship in Germany and the loose „fou...

This paper examines the association between bank debt maturity and relationship lending using a unique survey sample of 3,366 SMEs from 19 European countries. The knowledge of how the institutional environment shapes relationship lending helps us to understand how current institutional changes, such as Basel II, might affect the SME-bank relationship and hence, SME access to financing. Our resu...

The innovation of supply chain financial services can alleviate the plight of SMEs financing difficulties. In the aspect of supply chain finance model, there is a credit guarantee financing model, which is different from the simple external financing and internal financing mode of supply chain. Based on this, this paper studies the decision-making of supply chain finance under the partial credi...

187 I N Latin America and around the world, small and medium enterprises (SMEs) comprise a large share of firms, employment, and gross domestic product (GDP). A new World Bank database on SMEs (defined as firms employing up to 250 workers) suggests that they employ nearly 50 percent of the labor force in the formal economy in Mexico; nearly 60 percent in Ecuador and Brazil; around 70 percent in...

Small and Medium-Sized Enterprises (SMEs) today form the backbone of African economy in general Cameroon particular. However, Cameroonian SMEs encounter many difficulties, one most important is access to so-called conventional financing. Faced with this situation, some them will seek alternative means such as Islamic finance. Despite its development over past two decades, finance struggling fin...