小微企业融资外文文献翻译.pdf

小微企业融资外文文献翻译

theXXXcredittosmallandmediumenterprises(SMEs)。

However。microenterprises(MEs)whicharesmallerthanSMEs。

havebeenXXX。usingapathXXXfinance。suchasfamilyand

friends。duetothelackofaccesstoformalfinance。Path

dependenceisalsoevident。XXXfinance.

翻译：

乌干达的小微企业融资：路径依赖和其他融资决策的决定

因素

XXX：WinifredXXX-XXX博士

摘要：

发展中国家的融资文献主要关注正规金融机构向中小型企

业（SMEs）提供信贷的角色。然而，小微企业（MEs）比

SMEs更小，却被忽视了。本文使用路径依赖框架，研究了乌

干达小微企业的融资决策，识别了影响它们获得融资的因素。

研究发现，由于缺乏正规融资渠道，小微企业严重依赖非正规

融资来源，如家人和朋友。路径依赖也很明显，过去的融资决

策和与非正规融资来源的关系影响了当前的融资决策。本研究

建议政策应着重改善小微企业获得正规融资的渠道，并促进金

融素养，减少对非正规融资来源的依赖。

Accesstocreditiscrucialforsmallandmediumenterprises

(SMEs)andmicroenterprises。astheyareconsideredtobethe

maindriversofeconomicgrowth。Inecountries。XXXrolethan

SMEs。XXX-agriculturalself-XXX。XXXduetothewaythey

areXXX。XXXandtheneedtoacquirebusinessinputsorassets

thatcannotbeobtainedusingsuppliercreditareassociatedwitha

tendencytouseformalcredit.

Revised:

Smallandmediumenterprises(SMEs)andmicroXXXfor

economicgrowth。especiallyineXXX-agriculturalself-XXX。

informalcreditispreferredoverformalcreditduetotheway

microenterprisesareestablishedandoperated。aswellasthetime-

XXX。formalcreditisusedincasesofbusinessXXX.

Itiswell-establishedthatXXXaccesstocredit。including

reformingnandcontractualframeworks。improvingmacro-

economicperformance。XXXinthefinancialsystem。andXXX.

Overthepastdecade。policymakersXXXtobridgethe

accesstocreditgapforthosewhocannotobtaincreditfrom

mainstreamfinancialXXX。

。suchasgroup

lendingandcollateralsubstitutes。XXX.

XXXinhibitaccesstocredit。thisarticleseekstoshedlight

onspecificXXXinclinedtouseinformalcredit。aswellas

s