Title :
Research on mutual guarantee system of SMEs based on self-organization theory
Author :
Yi, Yang ; Hong-yan, Yan ; Ze-yun, Yang
Author_Institution :
Sch. of Manage., Beijing Union Univ., Beijing, China
Abstract :
Mutual guarantee system (MGS) of small and medium enterprises (SMEs)is a complex system mainly serving the SMEs, including mutual guarantee institution formed by SMEs, financial institutions, the industry association and credit re-guarantee institution. From the perspective of system theory this paper illuminated the self-organization mechanisms and the self-organization characteristics of openness, far-from-equilibrium, nonlinearity and fluctuation of mutual guarantee system of SMEs. The implication of self-organization theory is that under some conditions, mutual guarantee system owns internal tendency of autopoietic, self-evolution and evolution from disorder to order, from low level to high level to solve SME´s financing problems in some parts. With the usage of self-organization theory, this paper proposed some suggestions and measures to improve the operation efficiency of mutual guarantee system.
Keywords :
financial management; organisational aspects; small-to-medium enterprises; warranties; SME; complex system; credit reguarantee institution; financial institution; industry association; mutual guarantee institution; mutual guarantee system; self-organization theory; small and medium enterprises; Entropy; Fluctuations; Government; Industries; Open systems; complex system; mutual guarantee system (MGS); self-organization theory; small and medium enterprises (SMEs);
Conference_Titel :
Management Science and Engineering (ICMSE), 2010 International Conference on
Conference_Location :
Melbourne, VIC
Print_ISBN :
978-1-4244-8116-3
DOI :
10.1109/ICMSE.2010.5719953