Small and medium-sized enterprises financing and sustainable development

Abstract

Now, the small and medium-sized enterprises have become the important driving factors to economic growth and made an important contribution to the country's economic development and stability in China. However, it has an inappropriate status in national economy because its financing is very difficult. And even it has affected the sustainable developments of the enterprises. If the small and medium-sized enterprises want to achieve long-term sustainable developments, we must find a rational solution to the problem of financing. This paper pays attention to the defined scope of small and medium-sized enterprises and their indispensability condition in country's economic development, and also discusses the financing station and financing channels, then discussed the reasons for financing difficulties and the influence that they could bring to the small and medium-sized enterprise in sustainable development. It focuses on three aspects of resolving the financing difficulties including the enterprise themselves, financial markets and governmental control. Finally, conclusion is drawn on how to use the limited financing resources to resolve the difficulties in financing and maintain the sustainable development of the enterprises. © 2011 Springer-Verlag Berlin Heidelberg.