中國和英國的中小企業(yè)融資比較的觀點【外文翻譯】

1、本科畢業(yè)論文外文翻譯本科畢業(yè)論文外文翻譯論文題目：論文題目：基于創(chuàng)業(yè)板推出的中小企業(yè)融資模式比較分析基于創(chuàng)業(yè)板推出的中小企業(yè)融資模式比較分析出處：處：JournalJournalofofSmallSmallBusinessBusinessInterpriseInterpriseDevelopmentDevelopment作者：者：JavedJavedHussainHussainCindyCindyMillmanMillmanHarryH

2、arryMatlayMatlay原文：原文：SMEfinancingintheUKinChina:acomparativeperpectiveAbstractPurpose–AimstoertaintheextenttowhichindustryappearstoinfluencethefinancingbehaviourofasampleofAustraliansmallmediumsizedenterprises(SMEs).Des

3、ignmethodologyapproach–TheresearchemploysdatafseveralthousSMEstakenfromtheAustralianfederalgovernment’sBusinessLongitudinalSurveyundertakenoverfourfinancialyearsfrom19941995to19971998.Theprincipalanalyticaltechniqueemplo

4、yedislogisticregressionmodellingwithvariousfinancialstructuremeasuresasdependentvariableswithindustryastheindependentvariableofcentralinterest.Findings–Theresearchfindingsreptedinthepaperprovidesubstantialempiricaleviden

5、cethatcrossindustrydifferencesinfinancingbehaviourdoexistevenaftercontrollingfotherrelevantinfluencesonSMEfinancingchoicessuchasenterprisesizebusinessageprofitabilitygrowthassetstructurerisk.Thekeyfindingisthatindustrydo

6、esnotsimplyproxyfonemeoftheseotherfactsbutisanimptantinfluenceinitsownright.Researchlimitationsimplications–Thereareevidentlyeffectsarisingfromthefundamentalnatureofindustriesthatrequirebetterunderstingbefeareliablepreiv

7、epositiononSMEfinancingcanbereached.Whattheseeffectsarecannotreallybeertainedusingtheresearchdatamethodsemployedinthisstudywhichgivearelativelysuperficialperspectiveonthematter.Aneedfmeindepthqualitativeinvestigationisin

8、dicated.productserviceknowledgeinnovationrespondrapidlytonewopptunitiesdiversifytheiroperationscontributesignificantlytojobcreation(GarvanO’Cinneide1994).ThisisacknowledgedbygovernmentagenciesinmostcountriesincludingtheU

9、KChina.InthispaperwesetouttoinvestigateSMEaccesstofinanceintheUKinChinaindertogainaninsightintotheexperiencesbehavioursofdomesticentrepreneursatstartupaftertwoyearsacrossafiveyearperiodofuninterruptedeconomicactivity.Fir

10、stweexpleentrepreneurialganisationalacteristicsinthecontextofthespecialisedfinanceliterature.WeanalysethefinancingbehaviourofSMEownermanagersintheUKinChinathroughindepthinvestigationoftheirfinancemixintendedaswellasactua

11、loutcomes.Secondweseektodeconstructlongitudinallytherelationshipbetweenentrepreneurstheirprovidersoffinanceoverafiveyearsperiod.Thequantitativequalitativedatathatemergedfromthisresearchstudywasusedtocomparecontrastthecom

12、plexrealityoffinancingsmallerenterprisesintwocountriesthatdiffersignificantlyintheirpositionasindustriallydevelopeddevelopingeconomies.InsettingouttocollectempiricallyrigouscomparabledatainrelationtoSMEfinancingintheUKin

13、Chinatheauthsdesignedadetailedsemistructuredquestionnairewhichwastranslatedpilotedadministeredinthetwonativelanguages.Thequestionnairerequiredrespondentsin32matchedSMEstoprovidequantitativequalitativeinfmationontheirsour

14、cesoffinancebothpreferredactuallyusedbytheseownermanagersduringthreestagesoftheirfirm’sbusinesscycle:atthestartupafter2yearsoverthenext5years.TheparticipatingSMEswereedfromofficialdomesticdatabases(widelyavailableinbothc

15、ountries)matchedasnearaspossibletorepresentarelevantcomparableresearchsample.Theiginalquestionnairewaspilotedonasmallsubsampleoffirmsadjustedtoreflectthefeedbackreceivedfromtheserespondents.Themaintelephonesurveywascarri