Share This Article:

Study on the Efficiency of SMEs’ Bank Financing in Clusters

Abstract Full-Text HTML Download Download as PDF (Size:171KB) PP. 158-161
DOI: 10.4236/ib.2013.53B034    4,087 Downloads   5,372 Views  
Author(s)    Leave a comment

ABSTRACT

The critical factor in business strategic development process is financial resources. In this paper, we develop a model that examines how small and family firms got financial resources from the bank and explore how different levels of relationship affect the efficiency of bank financing. Based on literature review and field study, the research reveals that the inter-person relationship and inter-firm relationship facilitate the reputation of firm and then promote the bank financing performance. Further, practical suggestions are discuss for small and media firm in clusters.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

K. Liu and L. Wang, "Study on the Efficiency of SMEs’ Bank Financing in Clusters," iBusiness, Vol. 5 No. 3B, 2013, pp. 158-161. doi: 10.4236/ib.2013.53B034.

References

[1] Y. Z. Sun and J. F. Wei. “Industrial Clusters Based on Information Space Constrain,” Modern Economic Science, Vol. 31, No. 2, 2009, pp. 72-77.
[2] N. A. Berger and G. F. Udell, “Small Business Credit Availability and Relationship Lending: The Importance of Bank Organizational Structure,” Economic Journal, Royal Economic Society, Vol. 112, No. 447, 2002, pp. F32-F53. doi:10.1111/1468-0297.00682
[3] M. E. Porter, “Clusters and the New Economics of Competition,” Harvard Business Review, 1998, Vol. 76, Vol. 6, p. 77.
[4] D. Evans and L. Leighton, “Some Empirical Aspects of Entrepreneurship,” American Economy Review, 1989, Vol. 79, No. 3, pp. 519-535.
[5] H. Hoang and B. Antoncic, “Network-based Research in Entrepreneurship: A Critical Review,” Journal of Business Venturing, Vol. 18, 2003, pp. 165-187. doi:10.1016/S0883-9026(02)00081-2
[6] C. H. Xu, “Reasons and Solutions of the Difficult of SMEs,” Financing, Business Econonmy and Management, Vol. 2, 2007, pp. 64-67.
[7] F. Allen, J. Qian and M. Qian, “Law, Finance and Economic Growth in China,” Journal of Financial Economics, Vol. 77, 2005, pp. 57-116. doi:10.1016/j.jfineco.2004.06.010
[8] F. Camara, Export and Social Networking As a Resource Control Strategy: A Case Study from Azores,” Journal of Small Business and Entrepreneurship, Vol. 19, No. 4, 2006, pp. 395-408. doi:10.1080/08276331.2006.10593379
[9] S. H. Zhang and Z. L. Chen, “SMEs’ Financing Chain Based on Industrial Clusters,” Business Economics and Management, 2006, Vol. 5, pp. 65-69.
[10] K. Guo, “The Transformation of China’s Economic Growth Pattern-Conditions and Methods,” Social Sciences in China, Vol. 18, No. 3, 1997, pp. 12-20.

  
comments powered by Disqus

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.