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035 _a.b12311467
099 9 _aAIT RSPR no. SM-01-101
100 1 _aMunkhsoyol, Baatarjav
245 1 0 _aFinancing small and medium sized enterprises in Mongolia
260 _aPathum Thani, Thailand :
_bAsian Institute of Technology,
_c2001
300 _a111 p. :
_bill.
490 1 _aResearch studies project report ;
_vno. SM-01-101
500 _aA research study submitted in partial fulfillment of the requirements for the degree of Master in Business Administration, School of Management
502 _aResearch Studies Project Report (M.B.A.) - Asian Institute of Technology, 2001
520 _aThe Mongolian economy is at a critical turning point. There have been important achievements in recent years. Major progress has been made in stabilization. The single- digit annual inflation rate for the period since 1997 has been significant milestone. Six consecutive years of positive real growth in the economy are almost certain to be extended to a seventh year in 2001. The reinvigoration of the privatization process since early 1997 has generated new momentum toward the creation of a private sector-led economy. However, recently, the economy has started to slow down. Many problems make the government head ache such as the growth rate of GDP is declining, unemployment is increasing, income gap and imbalance become bigger between rural and urban areas, the FDI is declining, or export grow at negative rate. These issues imply that it is time for the government to have another deeper reform to boost its economy for the sustainable development. Promotion and development of small and medium enterprises (SMEs) could be one of the promi~ng solutions to solve the problems. SME's position is still weak in the national economy. They receive little support from the government. This led they are meeting a lot of troubles in their businesses. Of these troubles, financing issue is the most important and obvious one to development of the SMEs at present. This research study tries to look at the issue of problems and prospects of SMEs development in Mongolia. This report provides an overall overview about the economy to understand the situation of the economy and the need for the promotion of SMEs in Mongolia. The research reviews the position of SMEs in the economy, as well as the importance of external finance to them. Correspondingly it examines sources of funds for the SMEs in general. One of the issues addressed in the research is investment decision-making referring to capital budgeting; which is crucial in enhancing the profitability and growth of enterprises. The 'right' commitment of current resources into long-term investments in order to secure a stream of cash flows in the future is vital importance as they generally involve high amounts of capital, and it is difficult to reverse the decision. The research study also identifies difficulties in the SMEs financing in Mongolia and explores the reasons for the difficulties faced by SMEs. Final chapter addresses recommendation and suggestion for improving the situation.
650 0 _aSmall enterprises
_zMongolia
650 0 _aSmall business
_zMongolia
_xFinance
700 1 _aRamachandran, Neelakantan,
_eChairperson
700 0 _aSununta Siengthai,
_eExamination Committee
700 1 _aTocquer, Gerard A.,
_eExamination Committee
710 2 _aJapanese Government,
_eScholarship Donor
810 2 _aAsian Institute of Technology.
_tResearch studies project report ;
_vno. SM-01-101
856 _3Full-Text
_uhttp://203.159.5.9/ait-thesis/detail.php?q=B11758
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