成长周期理论

本文综合金融成长周期理论和企业组织结构的信息观分析了中小企业的信息特质，建立了命题1和命题2。

This paper combines the theory of financial growth cycle and information production and architecture to analyse the information types of the medium-small sized firms .

另外，金融成长周期理论能够从长期和动态的角度较好地解释了一些中小企业的融资结构变化规律。

Besides , finance growing cycle can preferably explain the changing rule of small and medium enterprises ' financial structure from the angle of long time and dynamic .

伯格和安德尔（Berger&Udell，1998）的金融成长周期理论系统分析了中小企业在不同成长阶段融资结构的动态变化。

Berger and Udell proposed a theory of financial growth cycle , which systematically analyses the dynastic change of medium-small sized firms ' financial structure in each growth stage .

同时还论述了创业企业融资的相关理论，如金融成长周期理论、创业融资市场的双缺口理论和信贷配给理论。

Meanwhile , it also give a detailed explanation on the theories related with the financing of the start-up business , i.e. financing growth cycle theory , theory of ' two-gaps ' in start-up financing market and credit distribution theory .

第一部分借助产业经济学的产业成长周期理论对中国体育报业的发展历史和发展现状进行了一番追根溯源的梳理，目的在于从历史流程去探视为何中国体育报业在新时期遭遇到发展危机。

In the first part , I use the growth periodicity theory of industry economics to state the history and present conditions of Chinese sports newspaper industry in order to investigate why our Chinese sports newspaper industry is facing crisis in the new stage in the historical angle .

本文通过实证研究检验了在经济转轨时期我国中小企业的融资行为符合西方成熟国家的金融成长周期理论，即中小企业的融资结构随着中小企业生命成长阶段的不同，其呈现周期变化趋势。

The paper uses the practice data of China to demonstrate that the finance behaviors of small and medium sized enterprises are matched with the finance growing cycle theory , which the finance structures will vary with the development of the periods of the small and medium sized enterprises .

金融成长周期理论认为，随着企业生命周期的变化，企业规模、资产实力、信用状况、经营管理体制、信息约束条件和资金需求都会发生变化，从而导致企业融资方式和融资结构的变化。

Finance growing cycle theory thinks that enterprise scale , assets strength , credit status , manage system , information restriction condition and fund needs will move as transferring of enterprise life cycle . At the same time , it will induce the changes of financing manners and financing structures .