TITLE:
Study on the Efficiency of SMEs’ Bank Financing in Clusters
AUTHORS:
Ke Liu, Lan Wang
KEYWORDS:
Bank Financing; Strategic Development Management; Clusters
JOURNAL NAME:
iBusiness,
Vol.5 No.3B,
November
8,
2013
ABSTRACT: The critical
factor in business strategic development process is financial resources. In
this paper, we develop a model that examines how small and family firms got
financial resources from the bank and explore how different levels of
relationship affect the efficiency of bank financing. Based on literature
review and field study, the research reveals that the inter-person relationship
and inter-firm relationship facilitate the reputation of firm and then promote
the bank financing performance. Further, practical suggestions are discuss for small
and media firm in clusters.