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Sme Capital Operations Research

Posted on:2011-06-25Degree:MasterType:Thesis
Country:ChinaCandidate:J H YaoFull Text:PDF
GTID:2199330332468919Subject:Business management
Abstract/Summary:PDF Full Text Request
SMEs in China's national economy occupies a pivotal position in the reform and opening up, the risk of SMEs in the spread and deepening economic reform and improve the market system and competition in the market mechanism, has played a very significant role. However, the SMEs because of the relatively small size, operating risk, credit rating is low, and growth in the course of its business is facing many difficulties. Among them, the shortage of funds is the biggest bottleneck in the majority of SME development. This paper attempts to capital for SMEs operating in-depth analysis of proposed capital enterprises are to achieve a successful operation to achieve the sustainable development of SMEs, the establishment of scientific capital operation strategy is the key. As Nobel Prize winner, American economist Stigler said:"Looking at the world famous big enterprises and groups, which a few are not in some way to some extent, by mergers and acquisitions, equity capital means developed."This paper mainly the following aspects of the equity of SMEs were studied:one paper on the domestic and foreign capital for SMEs operating in the relevant theory has been re-sorted, the associated literature review for small and medium enterprises equity provide the theoretical basis of the corresponding; second paper described the SMEs in the modern market economy, the important role of management characteristics and depth analysis of the Wo Guo course of development of SMEs Ziben operation and problems; third thesis SME equity The principles of motivation and spreads his argument made the role of SMEs in capital operation, capital operation for SMEs to conduct scientific and theoretical guidance; 4 is to introduce the types of capital operation of SMEs and their adaptation of their actual status of capital operation model chosen to ensure different levels of economic development more effective development of SMEs, and to realize their enterprise value maximization of financial management objectives; Finally, Xi'an Leeo limited liability company, for example, analyzed the profile of the company's operating and capital problems, put forward for the optimization of the company's equity measures, the capital of SMEs operating in China to conduct empirical analysis.By analyzing the research papers conclude that:First, the development of SMEs to the national economy plays an important role can not be ignored; Second, SMEs operating in the capital, there are still many problems, constraints and impact on the development of SMEs; three different levels of economic development enterprise specific capital operation model is not the same (including:edge business model selection, superior business model without potential disadvantages of business model options and choices). Combined with Xi'an Leeo limited liability company operating in the capital, the analysis of problems and on this basis the optimal adjustment measures accordingly, step by step in the development of SMEs to explore solutions to problems and ways to provide a strong theoretical guidance, enabling SMEs to China's economic development and make greater contribution.
Keywords/Search Tags:SMEs, capital operation, capital structure, financing channels
PDF Full Text Request
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