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1、外文文献翻译原文及译文文献出处:Sharifi,Omid・InternationalJoumalofInformation,BusinessandManagement6.2(May2017):82-94.原文FinancialRiskManagementforSmallandMediumSizedEnterprises(SMES)OmidSharifiMBA,DepartmentofCommerceandBusinessManagement,KakatiyaUniversity,HouseNo.2664,
2、Sarawathinegar,1.ABSTRACTmediumsizedEnterprises(SME)doalsofacebusinessrisks,Similartolargecompanies,SmallandMwhichinworstcasecancausefinancialdistressandleadtobankruptcy.However,althoughSMEareamajorpartoftheIndiaandalsointernational・economy,researchmainly
3、focusedonriskmanagementinlargecorporations.Thereforetheaimofthispaperistosuggestapossiblemeanfortheriskidentification,analysisandmonitoring,whichcanbeappliedbySMEtomanagetheirinternalfinancialrisks・Forthispurposethefinancialanalysis,whichhasbeenusedinrese
4、archtoidentifyindicatorsforfirmbankruptcy,waschosen.ThedatarequiredforthestudywascollectedfromAnnualreportoftheIntecCapitalLimited・Fortheperiodoffiveyears,from2008to2O12.thefindingsshowedthedataandtheoverviewcanbeusedinSMEriskmanagement・Keywords:Annualrep
5、ort,SmallandMediumsizedEnterprises,FinancialRisks,RiskManagement・2・INTRUDUCTIONSmallandmediumsizedenterprises(SME)differfromlargecorporationsamongotheraspectsfirstofallintheirsize.Theirimportaneeintheeconomyhoweverislarge・SMEsectorofIndiaisconsideredasthe
6、backboneofeconomycontributingto45%oftheindustrialoutput,40%ofIndiWsexports,employing60millionpeople,create1.3millionjobseveryyearandproducemorethan8000qualityproductsfortheIndianandinternationalmarkets・Withapproximately30millionSMEsinIndia,12millionpeople
7、expectedtojointheworkforceinnext3yearsandthesectorgrowingatarateof8%peryear,GovernmentofIndiaistakingdifferentmeasuressoastoincreasetheircompetitivenessintheinternationalmarket.ThereareseveralfactorsthathavecontributedtowardsthegrowthofIndianSMEs.Fewofthe
8、seinclude;fundingofSMEsbylocalandforeigninvestors,thenewtechnologythatisusedinthemarketisassistingSMEsaddconsiderablevaluetotheirbusiness,varioustradedirectoriesandtradeportalshelpfacilitatetradebetweenbuyerandsuppl