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英语翻译企业的主要业务己经稳定下来,产品销售额保持稳定的水平,增长速度开始减慢.企业走入正轨,现金流量比较稳定,经营风险

来源:学生作业帮 编辑:拍题作业网作业帮 分类:综合作业 时间:2024/04/27 08:35:09
英语翻译
企业的主要业务己经稳定下来,产品销售额保持稳定的水平,增长速度开始减慢.企业走入正轨,现金流量比较稳定,经营风险相对下降,管理制度趋于完善,企业价值不断增加.总的来说在企业的各个阶段中这个阶段是最容易融资的阶段,然而由于产权模糊的实际很多中小企业面临着严重的产权归属和重新界定问题.中小企业不明晰的产权成为众多中小企业后续资金的一大障碍.中小企业的金融特殊性中,信息不对称是核心因素.信息不对称对融资活动的阻碍是:在组织之外的市场中出现逆向选择与道德风险问题,在组织内产生代理问题,致使银行对中小企业望而却步,中小企业也很难通过资本市场进行股权融资.
Company's main business has been stabilized, the level of product sales remained stable rate of growth starts to slow. Business on track, relatively stable cash flows, the relative decline in business risk, management systems tend to improve the corporate value is increasing. Overall in the enterprise in all phases of this stage is the easiest stage of financing, however, ambiguous because of the actual ownership of many SMEs face serious property ownership and re-define the problem. SMEs do not clear the property as a number of follow-up funds for SMEs are a major obstacle. Specificity of the SME finance, information asymmetry is the core element.
Asymmetric information on financing obstacles are: the market outside the organization appear in adverse selection and moral hazard problems, agency problems arise in the organization, leading banks to discourage small and medium enterprises, SMEs are also very difficult to equity financing through the capital markets .