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Banking
and Financing
Challenges for SMEs in Hong Kong, China
(2013)
Small
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;
- To
identify the difficulties experienced in accessing external financing
by SMEs in Hong Kong, China
- To
examine the nature of the challenges in financing for SMEs in Hong Kong
from both the demand and supply side perspectives
- To
examine the resultant constraints and effects facing SMEs and the Hong
Kong economy due to existing SME financing issues
- To
examine key parameters that can facilitate more effective financing of
SMEs in Hong Kong, China
- 22,000
words - 68 pages in length
- Excellent
use of literature
- Good analysis
of subject area
- Well
written throughout
- Includes
questionnaire
- Ideal
for MBA finance students
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
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