 
Banking
and Financing
Challenges for SMEs in Hong Kong, China
(2013)
Ref: fin0039Small
and Medium Enterprises (SMEs) constitute a very significant sector of
the economies of both developed and emerging countries. The presence of
a healthy and growing SME sector is therefore crucial in many
countries. Despite the growing importance of this sector, existing
studies indicate that SMEs are still disproportionately disadvantaged
in the access of credit hence limiting their growth potential. While
focusing on SMEs in Hong Kong China, this study sought to examine the
nature of financing challenges facing SMEs. Further, the study sought
to identify the difficulties in accessing external financing, as well
as the nature of these challenges from both the demand and supply side
perspective. A mixed method approach was used to collect relevant data
from SMEs in Hong Kong. In particular, a questionnaire survey was
administered to 50 SME owners and interviews conducted with a few of
the respondents and bank managers, as well. The findings indicate that
despite the various measures that stakeholders such as the government
have put in place, significant financing issues are still present. The
problems are however not limited to the supply side but also the demand
side. In particular, the risk of lending to SMEs is quite high as
opposed to larger and well established firms. However, lendable SMEs
are still disadvantaged due to the use of poor credit scoring methods.
The study offers several recommends on how the finance gap can bridged
such as the use of better screening and credit scoring methods. The
overall aim of this research will be to examine the challenges facing
the financing of SMEs. The study focuses on SMEs in Hong Kong China. It
also discusses relevant financing issues in the mainland China due to
the close association with Hong Kong in terms of financial and
governance structures. The aim this study as explained above has
further been broken down into the following objectives;
1 - Introduction Background of the study Significance of the study Research aim and objectives Structure of research 2 - Literature Review Capital structure theories Current financing challenges facing SMEs in Hong Kong, China Supply side issues Demand side issues Firm specific and economic effects of inadequate access to finance Bridging the finance gap The current situation of SME financing in Hong Kong, China 3 - Methodology Research philosophy Research approach Research strategy Research design Time horizons Research instruments Sampling technique Data collection techniques Questionnaire Design An explanation of the questionnaire design Demographic data Current situation of the firm Firm financing Implementation Data analysis Ethical considerations 4 - Findings Profile of respondents and interviewees Profile of questionnaire respondents and nature of the businesses surveyed Difficulties experienced in accessing external financing by SMEs in Hong Kong Challenges in financing for SMEs in Hong Kong from both the demand and supply side perspectives Constraints and effects facing SMEs and the Hong Kong economy due to existing SME financing issues Questionnaire 5 - Conclusions Difficulties experienced in accessing external financing by SMEs in Hong Kong Nature of challenges in financing for SMEs in Hong Kong from both the demand and supply side perspectives Constraints and effects facing SMEs and the Hong Kong economy due to existing SME financing issues Bridging the finance gaps of SMEs in Hong Kong Limitations of the study and directions for future research References Appendix Section How To Order 1. Select reference number fin0039 from the dropdown list 2. Click the PayPal button 3. Click the "Click Here" button on the PayPal page to submit your credit/debit card payment 4. We will email your chosen dissertation in PDF format within 24 hours |
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