Financing of SMEs in Sweden and China engaged in foreign trade
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Small and medium-sized enterprise is most advanced and vigorous in economic development. It is the main power of GDP growth, which can expand employment, promote technological innovation and strengthen the economic structure non-governmentally. But SMEs have great difficulties accessing finance all over the world. In this dissertation, we aim to compare the foreign trade SMEs betweenSwedenandChina, find the differences between SME financing inSwedenandChina, and try to find solutions to the financing problems inChinafrom the Swedish experience. We takeSwedenandChinaas cases, interview two companies and a bank to collect data and analyze the empirical findings with the Modigiliani-Miller Theorem, trade-off Theory, Packing order Theory, Financing gap, Transaction Cost Theory and Institution economics. Through making a comparison withSweden, we have found that the Aggregate Capital Trust for SMEs is one of the more innovative financial forms inChina, and Chinese SMEs still survive through people-to-people credit.
Place, publisher, year, edition, pages
2011. , 56 p.
SME, financing gap, asymmetric information, aggregate capital trust, people-to-people credit
IdentifiersURN: urn:nbn:se:hig:diva-10040Archive number: E3BA:DiVA 72/2011OAI: oai:DiVA.org:hig-10040DiVA: diva2:439199
UppsokSocial and Behavioural Science, Law