Problems in Financial Management in Small and Medium Sized Enterprises and Their Countermeasures in the Post Financial Crisis Era
Lian Jian
Abstract
Lian Jian
Abstract
Small and medium sized enterprises(SMEs) have contributed greatly toward social stability and economic development of our country.But the financial crisis of 2008 dragged them into a trough.Now,the waves of the financial crisis are slowly fading and the country's economy starts to recover.Whether SMEs can draw lessons from the crisis mainly lies in whether they can locate and solve problems in their financial management,which is extremely important to their sustainable development.
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Small and medium sized enterprises(SMEs) have contributed greatly toward social stability and economic development of our country.But the financial crisis of 2008 dragged them into a trough.Now,the waves of the financial crisis are slowly fading and the country's economy starts to recover.Whether SMEs can draw lessons from the crisis mainly lies in whether they can locate and solve problems in their financial management,which is extremely important to their sustainable development.
Key concepts: Financial crisis, Business, Trough (economics), Finance, Financial stability, Financial system, Sustainable development, Economics