Open AccessOn Financial Management for SMEs under New Conditions
Author(s) -
Li He
Publication year - 2010
Publication title -
international business research
Language(s) - English
Resource type - Journals
eISSN - 1913-9012
pISSN - 1913-9004
DOI - 10.5539/ibr.v3n4p200
Subject(s) - business , position (finance) , financial crisis , china , face (sociological concept) , order (exchange) , finance , strategic financial management , financial management , national economy , financial system , economics , economic system , marketing , strategic planning , social science , sociology , political science , law , macroeconomics
The financial crisis erupted in 2008 makes the current global economy remain uncertain. SMEs, as an important force in China’s national economy, face a crisis of survival due to the more difficult business development. An important reason is that SMEs overlook the central position of financial management, so that the role of financial management has not been fully realized. In order to minimize the loss of SMEs to enhance their ability to withstand the crisis and master a rare strategic opportunity, to strengthen the financial management is very important.