Study on the Efficiency of SMEs’ Bank Financing in Clusters

摘要

The critical factor in business strategic development process is financial resources. In this paper, we develop a model that examines how small and family firms got financial resources from the bank and explore how different levels of relationship affect the efficiency of bank financing. Based on literature review and field study, the research reveals that the inter-person relationship and inter-firm relationship facilitate the reputation of firm and then promote the bank financing performance. Further, practical suggestions are discuss for small and media firm in clusters.