|
Title: |
Financing Strategy Based on the Life Cycle of the Medium-Sized and Small Enterprises |
|
Source: |
International Conference on Engineering and Business Management 2012(Part 1 Enterprise Operation and Management（1）)
(pp 334-337)
|
|
Author(s): |
Chunxiang Jia, School of Economics & Management, Inner Mongolia University of Science & Technology, Baotou, China, 014010
Xiaoxia Li, Baotou City Department of Cultural affairs, Baotou, China, 014010 |
|
Abstract: |
The development period of enterprise decides funds needed with different characteristic and scale because of in various stages of the life cycle of enterprises facing the different risk. The financing difficulty is also different in each stage. Based on the analysis of financing predicament of small and medium-sized enterprises in each stage of the life cycle, financing strategy was obtained in different stages. Enterprises should be adopt corresponding financing strategy according to the requirement of internal and external environment in the certain stage, in order to improve the efficiency of capital utilization, solve the problem of shortage of funds, reduce the cost of capital, and to avoid financial risks.
|