垄断型信贷市场融资担保问题分析--以民营中小企业融资为例

民营中小企业在转型经济条件下的垄断型信贷市场中很容易受到信贷歧视,商业银行对此类企业的"惜贷"乃至拒贷不仅反映出非公有制经济主体差强人意的融资地位,而且从一个侧面折射出计划金融体制对于商业银行市场化改革的种种束缚作用以及在金融改革滞后的情况下商业银行信贷行为的严重不合理性.本文试图通过建立一个垄断型信贷市场融资担保模型来分析市场垄断和利率管制对民营中小企业融资的不利影响,担保对于缓解民营中小企业融资难问题所能发挥的积极作用,以此说明改革我国金融体制、开放信贷市场和实行利率自由化的必要性.     

我国中小企业融资约束与内部资本市场构建

内部资本市场是外部资本市场的一种替代和补充,能有效降低融资成本,放松外部融资约束,提高资本配置效率。中小企业可以通过发展企业集团、实施企业间战略联盟及企业集群等方式构建内部资本市场来解决其融资问题。与大企业相比,中小企业在构建内部资本市场时存在组织结构和管理制度单一落后等不足,同时也具有决策迅速、激励有效、灵活性强等优势。因此,中小企业在构建内部资本市场时,要谨慎选择联合对象,注重联合的灵活性以及改革企业治理方式。     

科技型中小企业知识员工可雇佣型建言维度结构研究及量表开发

作为一种有益于组织的角色外行为,知识员工建言对于新常态下中国科技型中小企业获取创新和竞争优势具有重要意义。学界从多角度探讨了建言的维度结构,但基于可雇佣性发展的个体内在动机视角的研究存在不足。采用质性研究方法进行了探索性实地研究,通过对调查材料的内容分析,建构了科技型中小企业知识员工可雇佣型建言的维度结构,认为其包含基于职业发展的建言、基于知识和技能完善的建言、基于物质收益增长的建言、基于支持与亲和增进的建言4个维度,编制了初始量表,进而通过问卷调查数据的信度和效度分析加以修正,得到最终量表。     

企业家精神、社会资本与科技型中小企业天生国际化路径研究

企业家精神作为科技型中小企业社会资本基础及内在创业动力,是与企业国际化创业相关联的一种个体特质。从资源基础理论视角,通过理论分析,构建企业家精神、社会资本、资源禀赋与科技型中小企业天生国际化路径关系的概念模型,验证企业家精神与社会资本及其交互作用对天生国际化路径的影响,检验资源禀赋对路径选择的调节作用。研究发现,企业家精神与社会资本都能对天生国际化路径选择产生显著正向影响;资源禀赋正向调节企业家精神与社会资本关系,对科技型中小企业天生国际化路径选择的调节效应显著。     

The effect of matching on perceived export barriers and performance in an era of globalization discontents: Empirical evidence from UK SMEs

In this study we examine the effect of matching, a comprehensive networking concept, on the perceived export barriers and export performance of small exporting firms. We introduce matching as a moderating variable affecting the link of perceived internal/external export barriers to export performance. Using a sample of 106 UK-based exporting small and medium enterprises (SMEs), we find that matching alleviates the negative impact of perceived internal export barriers on export performance. Furthermore, the empirical results show that export experience and export commitment reduce managers' perceived internal and external export barriers. The study shows that matching, as a networking-tool at multiple levels, can help to overcome export barriers, thus providing a mechanism to offset challenges opened up through nationalistic policies.     

Effect of market orientation,network capability and entrepreneurial orientation on international performance of small and medium enterprises (SMEs)

This study contributes to literature on the internationalization of SMEs by analysing the influence of International Market Orientation, Network Capability, and International Entrepreneurial Orientation on the International Performance of this kind of businesses. Particularly, both the direct effects of explanatory variables of International Performance and interdependence relations between them are analysed. Results obtained from a sample of 161 Mexican SMEs using SEM-PLS analysis show that the International Performance of this kind of businesses is favourably influenced by their Network Capability and International Entrepreneurial Orientation, but not by their International Market Orientation. Similarly, it is verified that interdependence relations exist among the explanatory variables of International Performance of SMEs, where positive impact of International Entrepreneurial Orientation is observed on Network Capability and the International Market Orientation of SMEs.     

中小企业实力指数研究报告

本文以对我国中小企业重点行业的月度运营情况的监测为基础,提出了一种中小企业经营评价方法,即"实力指数"(Benchmarking Index-BI).该系统考察了企业月度的运营实力,确定了企业自身的竞争地位和与行业标准的差距,同时为考核具有竞争实力的中小企业提供了科学的判定依据和佐证.     

The Advisor-SMF Client Relationship: Impact,Satisfaction and Commitment

This paper investigates the relationship between the type of business advisors used by SMEs and the level of impact and satisfaction a SME receives. The role of other influences, such as the intensity and cost of the service, and the level of commitment to an advisor by the client are also investigated. A structural equation path model is estimated from survey information for SMEs in Britain. The analysis shows that customer impact, satisfaction and re-use intentions are related to the character of the firm (particularly its size), the intensity and cost of services, but is only marginally influenced by the geographical distance between advisor and client. Affective commitment, measured by the level of the ‘trust’ of the advisor by the client, is shown not to be significant, except for public sector and business association suppliers. The importance of trust to these suppliers, despite the low satisfaction levels they achieve, is argued to be incompatible with attempts to charge fees, as has been sought for the government network of Business Link. Both business associations and public sector support bodies therefore have severe limitations in combining their broader roles with a commercially- based fee-based income strategy.     

基于KMV模型的我国中小上市公司信用风险研究

经过提高股权价值波动率精确度的KMV模型对我国中小上市公司有很强的识别信用风险状况的能力,我们可以通过设定两条信用预警线,来监控中小上市公司的信用危机.文章研究发现,资产规模对信用风险有显著影响,2004年之后资产规模与违约风险显著负相关,总资产小于3亿元的小公司抗风险能力最差.股权分置改革引起了中小上市公司信用风险短时间的波动,是2006年中小上市公司违约风险变大的重要原因.     

中小企业企业家队伍的现状及对策分析

在对“企业家”相关理论综述的基础上，用随机抽样和典型调查的方法，调查了中小企业比较发达的浙江省中为数众多的中小企业，根据调查的情况，分析目前在企业家队伍中存在的主要问题，并提出了一些对策。