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首页> 外文期刊>Journal of Small Business Management >Financial Challenges Facing Urban SMEs under Financial Sector Liberalization in Ghana
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Financial Challenges Facing Urban SMEs under Financial Sector Liberalization in Ghana

机译:加纳金融业自由化下城市中小企业面临的金融挑战

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摘要

The paper examines the impact of financial sector liberalization (FSL) policies on the financial management of small and medium-sized enterprises (SME) in Ghana, using six case studies. Its findings, which confirm and extend the conclusions of previous studies, are integrated into a framework that explains the impact of FSL and the factors at work. The main financial challenge facing SMEs is access to affordable credit over a reasonable period. This is determined by the financing needs of SMEs and the action of investors. SME financing needs reflect their operational requirements, while the action of investors depends on their risk perception and the attractiveness of alternative investment (which affects their willingness to invest). Government borrowing, the general economic climate, availability of collateral, quality of SME record keeping, and SME investor relations skills affect the way in which this challenge is managed. The impact of the activities and potential of enterprise development agencies are also discussed.
机译:本文使用六个案例研究,考察了金融部门自由化(FSL)政策对加纳中小企业(SME)财务管理的影响。它的发现证实并扩展了先前的研究结论,并被整合到一个框架中,该框架解释了FSL的影响和工作中的因素。中小企业面临的主要财务挑战是在合理时期内获得负担得起的信贷。这取决于中小企业的融资需求和投资者的行动。中小企业的融资需求反映了他们的运营要求,而投资者的行动则取决于他们的风险感知和另类投资的吸引力(这会影响他们的投资意愿)。政府借贷,总体经济环境,抵押物的可获得性,中小型企业记录的质量以及中小型企业投资者关系的技巧都会影响应对挑战的方式。还讨论了活动的影响和企业开发机构的潜力。

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