An empirical evidence of small business financing in China

Abstract

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to provide empirical quantitative evidence concerning small business financing in China and highlight the financing problems faced by small to medium-sized enterprises (SMEs) in developing their businesses. Design/methodology/approach -A semi-structured questionnaire survey was conducted to collect data from a sample of 60 small businesses in three cities in China. Descriptive methods and the SPSS statistical software package were used to analyse the data and interpret the results. Findings -The data gathered covered current topic in research including the capital structure of SMEs at start-up, the types and extent of funding shortage, the preference of financial resources as SMEs grow, the significant factors, which help SMEs secure bank loans and the influence of a firm's size, age and the like. The findings generally support financial theories and previous studies about SMEs but also offer the basis for new arguments about financing SMEs in China.Research limitations/implications -The sample size is relatively small and statistical analysis is relatively straightforward. Practical implication -The present study will be of interest to policy makers developing new strategies and policies to support the financing of SMEs in China. Originality/value -The results from this study contribute to the understanding of current problems in financing Chinese small business enterprises. These include findings, which were not presented in other similar studies.

Supply Chain Finance in China: Business Innovation and Theory Development

“…The reason behind this problem is complicated. It is generally recognized that SMEs suffer from a shortage of fixed assets, limited capacity of credit rating and an under-developed SMEs' credit guarantee system in China [1,2]. The emergence of a supply chain finance (SCF) solution in recent years has, however, improved the situation.…”

Antecedents to the Utilisation of the Government Business Support Services: A Literature Review

“…As the business goes along the cycle, the demand for external assistance is more (Junjie, Jining, & Catherine, 2008). Usually, business needs more capital and other supports to brace expansion.…”

La recherche en finance entrepreneuriale

“…Globalement, les facteurs qui influencent l'accès au financement bancaire peuvent être répartis en trois catégories (Wu, Song et Zeng, 2008 Enfin, les relations des PME avec leurs banques ont amplement été étudiées. Ces relations peuvent être bénéfiques selon le contexte socioéco-nomique.…”

“…Globalement, dans les étapes initiales, les PME recourent aux économies des propriétaires-dirigeants, à la famille et aux amis (Wu, Song et Zeng, 2008 ;Hussain et Matlay, 2007 ;Leavell et Maniam, 2009). Dans les étapes suivantes, les PME ont une préférence pour l'autofinancement (Wtterwulghe et Janssen, 1997) ou le financement interne (Hogan et Hutson, 2005).…”