Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=40#.VNhq6CzQrzE Author(s) Chen Zhang , Wei-Dong Zhu , Allen Garth , Yong Wu Affiliation(s) School of Management of HeFei University of Technology . School of Management of HeFei University of Technology . Monfort College of Business in University of Northern Colorado . School of Management of HeFei University of Technology . ABSTRACT The Small and medium-sized enterprises (SMEs) typically have very limited capital and rely on external finance although they may self-finance. When seeking external finance, most SMEs rely on the banking sector. Because the direct financial market and venture capital (VC) system need to be further improved in China, financing from commercial bank undoubtedly becomes the main support for hi-tech SMEs. While the high risk of hi-tech SMEs requires commercial banks make credit decision based on effective risk management. Focusing o...
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