Building the Financing Platform for the Small and Medium Enterprises in China's High-Tech Zones under the Financial Crisis

2010 ◽  
Author(s):  
Yu-Chun Sun ◽  
Ji-Xiang Xu
Keyword(s):  
Financial Crisis ◽  
Small And Medium Enterprises ◽  
High Tech ◽  
Medium Enterprises

The internationalization strategies of rapidly internationalizing high-tech UK SMEs

2014 ◽  
Vol 26 (5) ◽  
pp. 421-448 ◽  
Author(s):  
Dave Crick ◽  
James Crick
Keyword(s):  
Decision Making ◽  
Small And Medium Enterprises ◽  
Potential Effect ◽  
Small Sample ◽  
High Tech ◽  
Niche Markets ◽  
Content Type ◽  
Parental Decision Making ◽  
Internationalization Strategies ◽  
Medium Enterprises

Purpose – The purpose of this paper is to investigate aspects of causation and effectuation decision-making in respect of the planned and unplanned nature of the internationalization strategies of a small sample of rapidly internationalizing, high-tech UK small and medium enterprises (SMEs). These exhibit four different rates of scale of international intensity (percentage of overseas sales to total sales) and market scope (geographical coverage and commitment). Design/methodology/approach – Interviews with managers of 16 independently owned high-technology-oriented manufacturing SMEs were undertaken in this investigation to reduce the potential effect of bias from parental decision-making and firm size, also trade sectoral conditions. These were drawn from an existing database. Findings – Aspects of both causation and effectuation logic were evident in planned and unplanned aspects of decision-making. Moreover, industry factors were seen to affect internationalization strategies in various ways and not least in respect of the need to exploit windows of opportunity in international niche markets and the usefulness of utilizing managers’ experience and networks in the sector in which firms operated. Originality/value – The contribution of this study is to build on earlier work where authors have used different terminology to describe firms that have internationalized soon after their foundation. Specifically, with respect to the planned versus unplanned nature of respective internationalization strategies and the causation as opposed to effectuation logic in decision-making.

To What Extent Do the Investment Programs in the Small and Medium Enterprises Sector Comply with the Determinants of National Competitive Advantage?

2018 ◽  
Vol 1 (1) ◽  
pp. 1-5
Author(s):  
K. M. Anwarul Islam ◽  
Orobah Ali Barghouthi
Keyword(s):  
Competitive Advantage ◽  
Small And Medium Enterprises ◽  
High Tech ◽  
Single Individual ◽  
New Markets ◽  
Local Markets ◽  
Private And Public ◽  
World Class ◽  
Palestinian Economy ◽  
Medium Enterprises

The analysis of the researcher was corroborated by the expert opinion.In the interview researcher said that, the base is small and medium enterprises, the Palestinian economy is dominated by small and medium family-owned businesses: more than 85% of all establishments are owned by a single individual. Private and public shareholder companies and partnerships constitute less than 11% of all firms. The first and most important step is to establish governance in SMS & Establishing partnerships in shape of fund of funds, we have 6 funds, 60 million fund for industry, fund for agriculture, fund for microfinance, fund for Gazza, Jerusalem, fund convertible process, is not money wise but convincing the owners to change the way of working is the most impediment.According to Porter, competitive advantage results from the presence of world- class institutions that first create specialized factors and then continually work to upgrade them. Additional steps to be undertaken according to Mustafa, SMEs widen and open new markets and further invest in local markets and sponsor high-tech industries. The analysis of the researcher was corroborated by the expert opinion.In the interview researcher said that, the base is small and medium enterprises, the Palestinian economy is dominated by small and medium family-owned businesses: more than 85% of all establishments are owned by a single individual. Private and public shareholder companies and partnerships constitute less than 11% of all firms. The first and most important step is to establish governance in SMS & Establishing partnerships in shape of fund of funds, we have 6 funds, 60 million fund for industry, fund for agriculture, fund for microfinance, fund for Gazza, Jerusalem, fund convertible process, is not money wise but convincing the owners to change the way of working is the most impediment.According to Porter, competitive advantage results from the presence of world- class institutions that first create specialized factors and then continually work to upgrade them. Additional steps to be undertaken according to Mustafa, SMEs widen and open new markets and further invest in local markets and sponsor high-tech industries. 

scholarly journals China venture market overview

2019 ◽  
Vol 27 (4) ◽  
pp. 753-760
Author(s):  
Marina S. Reshetnikova
Keyword(s):  
Capital Market ◽  
Small And Medium Enterprises ◽  
Scaling Up ◽  
Chinese Economy ◽  
High Tech ◽  
Stage Of Development ◽  
Current State ◽  
New Development ◽  
The Government ◽  
Medium Enterprises

Today the Chinese economy has rapidly begun the transition to a new stage of development. Its basis is high-tech production and national breakthrough technologies. This process happens due to the transformation of the government strategy in the direction of scaling up innovation through the inclusion of small and medium enterprises. China has been able to raise venture investments for its new development plan. However, since 2016, the rapid growth of the Chinese venture market has raised many concerns. The purpose of the study was to analyze and assess the current state of China's venture capital market. The research proved that, despite signs of overheating, it is still premature to talk about the formation of a “bubble” in the Chinese venture market. The article concludes with a discussion that China is transforming itself again and that the next wave of innovation and private entrepreneurship will be the wave of the future, with substantial global consequences.

scholarly journals The trends of export activities development of small and medium enterprises: world experience and russian practice

2022 ◽  
Vol 7 (4) ◽  
pp. 70-78
Author(s):  
E. V. Malysheva
Keyword(s):  
Small And Medium Enterprises ◽  
Raw Material ◽  
High Tech ◽  
Economic Sustainability ◽  
Sharp Decline ◽  
Economic Diversification ◽  
Product Service ◽  
Contractual Obligations ◽  
Medium Enterprises ◽  
Rich Countries

The article analyzes the peculiarities of export activities of small and medium-sized businesses, shows the high involvement of companies belonging to small and medium-sized businesses (SMEs) in the high-tech sector. The contribution of SMEs to the creation of the value of a product/service through the introduction of innovations and their adaptation to different contexts by providing new or niche products that meet the diverse needs of customers is noted. Based on the analysis of the world practice of export activities of SMEs, the author concludes that SMEs can contribute to economic diversification and economic sustainability. This is especially true for resource-rich countries that are particularly sensitive to fluctuations in raw material prices. The emphasis is placed on the analysis of the export activity of Russian SMEs, an insignificant share of SMEs in the total volume of exports in comparison with other countries is highlighted. It is concluded that Russian small and medium-sized businesses are in the process of formation, which makes them vulnerable to the influence of both external and internal threats. It is shown what impact the COVID-19 pandemic had on SMEs. It was emphasized that the main problems for such companies were non-fulfillment of contractual obligations and a sharp decline in demand.

scholarly journals The financing of SMEs in the Spanish tourism sector at the onset of the 2008 financial crisis: Lessons to learn?

2020 ◽  
pp. 135481662092195
Author(s):  
Pablo Moya-Martínez ◽  
Raúl Del Pozo-Rubio
Keyword(s):  
Financial Crisis ◽  
Capital Structure ◽  
Small And Medium Enterprises ◽  
Tourism Industry ◽  
2008 Financial Crisis ◽  
Tourism Sector ◽  
Medium Enterprise ◽  
Main Factors ◽  
The 2008 Financial Crisis ◽  
Medium Enterprises

Small and medium enterprises (SMEs) are a powerful economic engine in many European countries. Moreover, tourism SMEs are particularly important in the economies of countries in southern Europe due to the climate and sociodemographic situation, among other reasons. In Spain, specifically, these enterprises are a vital economic asset. Nonetheless, neither the importance of SMEs in the tourism industry nor the main factors that influence their capital structure have been sufficiently studied. We used panel data methodology with a regression model to analyse the capital structure of SMEs in the tourism sector at the onset of the 2008 financial crisis. Our results show the significance of SMEs within the tourism industry as well as the need to take into account the main factors that influence their capital, which are type (micro, small or medium enterprise), profitability, number of employees and size (logarithm of total assets). Furthermore, despite the robustness of these companies, they have been affected by the crisis. This study is of great interest as it provides indicators to understand the strength of tourist SMEs to confront potential crises.

Financial Inclusion, P2P Lending, and MSMEs

2022 ◽  
pp. 60-81
Author(s):  
Tulus Tambunan
Keyword(s):  
Economic Development ◽  
Financial Crisis ◽  
Financial Services ◽  
Small And Medium Enterprises ◽  
Asian Financial Crisis ◽  
Aggregate Data ◽  
Financial Inclusion ◽  
Alternative Source ◽  
P2p Lending ◽  
Medium Enterprises

In Indonesia after the Asian financial crisis of 1997–1998, wide reforms were carried out, and “inclusive” economic development were adopted. One component of inclusive economic development is “financial inclusion.” This implies an absence of barriers that might deter micro, small, and medium enterprises (MSMEs) from obtaining financial services. However, the portion of bank credit received by MSMEs is still small. Therefore, financial technology (FinTech) is welcome as an alternative source of funding for MSMEs. This chapter discusses three related issues, namely financial inclusion, MSMEs, and P2P lending. It concludes that Indonesia still has a long way to go to achieve full financial inclusion. This chapter suggests that with the presence of P2P lending, the number of MSMEs, especially MSEs, in Indonesia that have access to formal financing will increase. Even though aggregate data are not available, the interviews with a small number of owners of MSEs who received P2P loans suggest that the presence of P2P lending companies give some benefits for MSEs.

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