2014年中小企业融资难外文翻译--中小企业银行融资和出口活动

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1、4700 英文单词 ， 2.5 万英文字符 ，中文 7900 字 文献出处： Abor J Y, Agbloyor E K, Kuipo R. Bank finance and export activities of Small and Medium EnterprisesJ. Review of Development Finance, 2014, 4(2):97-103. Bank finance and export activities of Small and Medium Enterprises Joshua Yindenaba Abor , Elikplimi Komla Ag

2、bloyor , Ransome Kuipo Abstract This study examines SMEs access to bank finance and how that affects their export activities. The study adopts a probit model to assess the empirical relations. The findings of the study suggest that SME access to bank finance improves their likelihood to export. Such

3、 finance is critical to cater for the high fixed costs of exporting, international marketing and branding, and meeting higher quality standards required for overseas markets. The results of the study also indicate that older firms, more productive firms, and larger firms are more likely to take the

4、important step of entering into the export market. Policy interventions should therefore be directed at reducing the bottlenecks that prevent SMEs from accessing funding from the commercial banks. Keywords: Bank finance; Exports; SMEs; Ghana 1. Introduction Exporting seems to be the most common fore

5、ign market entry mode. This is especially true for small firms, where the low resource commitment and high flexibility makes it a favor- able way to internationalize (Young et al., 1989; Leonidou and Katsikeas, 1996). It is well established that many firms, especially small firms have significant ex

6、porting potential, however, relatively few of them have undertaken actual exporting (Yeoh and Jeong, 1995). This phenomenon could be attributed to firms difficulty in accessing the needed funds for export. Financial constraints are cited as an important obstacle to firms investment in general and in particular to their desire to venture into export business. Recent literature in international trade has focused on the sunk costs that firms have to incur in order to enter foreign markets. Th