财务管理信用缺失外文翻译----中国中小企业信用危机研究(编辑修改稿)

财务管理信用缺失外文翻译----中国中小企业信用危机研究(编辑修改稿)内容摘要：

other more and more, and time is getting longer and longer to develop most of the current business transactions rely on cash transactions, mutual nongranting of credit. As the fear of trade risk, not a flexible way to trade settlement, seriously affecting the enterprise39。 s petitiveness in the international market, and many trading 本科毕业设计（论文）外文翻译 8 opportunities lost, reducing the speed and effects of the economy and, ultimately, economic growth, so that efficiency has continued to decline, to the whole market order and business has brought immeasurable harm. Due to lack of adequate credit, market, contractual relationship difficult to maintain, market transactions are paid mainly from the original mainly to changes in credit transactions difficult to plete, the state of the market economy development can not move toward healthy, mature and international。 and without trust lead to an inability to normal use of credit instruments, expanding the size of market transactions。 without trust lead to corporate accounts in arrears and fraud occurs, so that the development of enterprises in crisis。 without trust lead to herd effect, so many panies are both victims of bad faith, but also people doing harm. Third, China39。 s SMEs, the root causes of the current credit crisis, China39。 s SME credit relationship disorders, the occurrence of a variety of credit crisis has not only the behavior of individual enterprises, and its causes are very plex, both macroeconomic factors, there are microfactors。 both external institutional barriers, but also has its own management loopholes. (A) the external environment, China39。 s policy of imperfect system, financing system and other major stateowned enterprises, especially large stateowned enterprises as the main target of the design and implementation, and did not form a policy for SMEs legal system is not directed at the characteristics of SMEs to credit and investment system, and no services specifically for small and medium enterprises financing system. Therefore, SMEs relative to large enterprises, the financing channels for nonsmooth, relatively backward technology and equipment, the quality of personnel as a whole is not high, lowtech and product quality is not high, weak market petition, and legal, policy support and protection of inadequate strength These constraints of SMEs have bee a major factor in the survival and development. At the same time, SMEs are relatively small, risky, credit is paratively low, the owner or general funds of financial institutions in financial intermediation monly used on both the principle of prudence, an increase of its financing more difficult. (B) the property rights system is not a sound basis for the credibility of property rights is 本科毕业设计（论文）外文翻译 9 therefore the pursuit of longterm interests of SMEs can be attributed to the initiative issue of property rights. SMEs do not speak the credibility of the fundamental reasons: on the one hand they feel that their property rights have not been a reliable protection, the lack of a sense of security without a stable expectations, naturally can only pursue fast track approach, but can not be invested to establish a sound, a sound reputation system。 the other hand, in the family of small and medium enterprises, especially those with blood, kinship, geographical and family enterprises, regardless of the enterprise, as panies illdefined property rights, thus defining the persons concerned the right of inter , responsibilities and interests is not clear, fundamentally affect the enterprise39。 s governance structure, and further affect the authority and credibility of the enterprise. (C) the management level is not high, the overall quality of poor management of SMEs, the lack of systematic, timely and prehensive market information, due to poor decisions lead to troubled behavior more mon. Although the research and development of some enterprises out of a good product, but because of poor management, the management level, coupled with lack of market and user awareness of the concept of looking down on product quality, as well as the expense of customer service to improve and enhance the quality, easily fierce petition in the market lost its predecessors worked long and hard through the construction of a brand, reputation and other advantages. At the same time, SMEs and low quality of workers, lack of profici。