Reliability Assurance of disclosing Information Seen through the Present Situation of SMEs Financing
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- Zhu Kaiwen
- Okinawa University
Bibliographic Information
- Other Title
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- 中小企業の資金調達の現状から見る開示情報の信頼性保証
- チュウショウ キギョウ ノ シキン チョウタツ ノ ゲンジョウ カラ ミル カイジ ジョウホウ ノ シンライセイ ホショウ
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Abstract
<p> Companies cannot grow and develop without funds. Problems related to financing are dominant in especially early stages of SMEs growth.</p> <p> In recent years, despite the improvement in the financial environment surrounding SMEs, it is said that financial situation of SMEs is still severe. SMEs in Japan are characterized by low capital ratio and high debt ratio. It is not easy for SMEs to get funds without effective guaranty. Therefore, SMEs are also attempting the try new methods of fund.</p> <p> This paper tries to introduce the methods of financing that may be applied to SMEs which is taken up in “New Approaches to SME and Entrepreneurship Financing: Broadening the Range of Instruments” published by the OECD (Organisation for Economic Co-operation and Development). With increasing the diversification of financing methods, this paper emphasizes the importance of disclosure of information including not only financial information but also non-financial information and prospective financial information. And with the disclosure of information, a problem of reliability assurance arises. This paper aims to present one direction from the viewpoint of institutional design.</p>
Journal
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- Journal of Accounting Resarch for Small- and Medium-sized Entities
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Journal of Accounting Resarch for Small- and Medium-sized Entities 2018 (4), 59-68, 2018
Japan Accounting Association for SMEs