Financing Research Of SMEs In Their Internationalization

The international economic environment that small and medium-sized enterprises faced has changed, in order to seek the new existence condition and development space, the internationalization becomes the inevitable choices of SMEs. Because of the disparity on the capability, the difficulty of internationalization of SMEs should be greater than the big enterprise. However, the internationalization can not only make enterprises utilize global resources in wider range, but also build the brand advantage and competition advantage. The financing of SMEs have always been receiving the concerns of the society, then in the process of internationalization which financing model should be taken to enhance the feasibility of financing and reduce financing costs. That is what studied by this text.Although SMEs'internationalization has become the focus of economists, there is not a theoretical system on it. This text is based on the SMEs financing, internationalization and international financing theory, and on the real example of financing combining of the internationalization of South Korea SMEs. The article includes three main components: First, detailed explanation to primitive capital accumulation of three major trader in the history and the concept, characteristic, the current situation of every kind of modern financing mode. Second, in the basis of existing theory and financing models, the test made financing model portfolio for international SMEs and established my models. Third, take financing in Qingdao of South Korean SMEs as an example, the thesis has verified rationality and exactness of the financing mode. That is in the given conditions, a portfolio is suitable for financing of international SMEs. The financing portfolios of South Korean SMEs in Qingdao have important theory sense and practice meaning. They offer reference for the financing in the internationalized course of SMEs all around the world, especially take very great enlightenment of Chinese SMEs.Theory innovation that the financing mode portfolio of internationalized SMEs and the achievement of investigation and research of South Korean case,...