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Unlocking Access to Finance for SMEs : A Cross-Country Analysis
Fouejieu, Armand - 2020
(SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of … development and better governance would help close the SME financial inclusion gap between MENAP and CCA regions and the best …
Persistent link: https://www.econbiz.de/10012836535
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SMEs’ Access to Finance in the Euro Area : What Helps or Hampers?
Öztürk, Bahar - 2014
The monetary transmission mechanism in the euro area has been adversely affected by the recent crises. Using survey data on thousands of euro area firms, we study factors that affect the access to finance of SMEs. We find that changes in bank funding costs and borrower leverage matter for firms'...
Persistent link: https://www.econbiz.de/10013053038
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Corporate Vulnerabilities in Vietnam and Implications of COVID-19
Kroeger, Thilo; Nguyen, Anh Thi Ngoc; Zhang, Y. Sophia; … - 2021
The paper uses firm-level data to assess the financial health of the Vietnamese non-financial corporate sector on the eve of pandemic. Our analysis finds that smaller domestic firms were particularly vulnerable even by regional comparison. A sensitivity analysis suggests that the COVID-19 shock...
Persistent link: https://www.econbiz.de/10013249409
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Financial Liberalization, Credit Constraints, and Collateral : Investment in the Mexican Manufacturing Sector
Gelos, Gaston; Werner, Alejandro M. - 2021
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a...
Persistent link: https://www.econbiz.de/10013321422
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Financial Constraints, Productivity, and Investment : Evidence from Lithuania
Foda, Karim; Shi, Yu; Vaziri, Maryam - 2022
This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian firm-level data from 2000–2018. To do so, we construct a measure of financial constraints. We estimate that, given firm characteristics, removing these constraints can improve...
Persistent link: https://www.econbiz.de/10014258647
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Nonfinancial Firms in Latin America : A Source of Vulnerability?
Gonzalez, Maria de los Angeles - 2013
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized facts based on corporate financial indicators. Second, we assess vulnerability of individual firms to a sudden stop in financing through a probit model, using a panel of 18...
Persistent link: https://www.econbiz.de/10013084479
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Non-Financial Corporate Debt in Advanced Economies, 2010-17
Antoun de Almeida, Luiza - 2020
This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond markets and have used part of their debt to increase their holdings of cash. In our...
Persistent link: https://www.econbiz.de/10012827582
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Supporting Sustainable Financing and Access to Finance in Armenia
Atamanchuk, Maria; Tokuoka, Kiichi - 2023
In Armenia, both external and domestic financing face challenges. Armenia’s share of inward foreign direct investment (FDI) in private external financing has declined significantly over the past decade. Access to domestic finance in Armenia is also moderate and masks important disparities....
Persistent link: https://www.econbiz.de/10014258215
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Corporate Vulnerabilities in India and Banks' Loan Performance
Jung, Sung Eun - 2015
The financial performance of India's corporate sector has been under pressure since the Global Financial Crisis. Balance-sheet data on a large cross-section of Indian non-financial corporates show that the growth in their leverage over the last 15 years has been associated with a notable...
Persistent link: https://www.econbiz.de/10013028673
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SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia
Ghassibe, Mishel - 2019
countries with higher SME financial inclusion exhibit more effective monetary policy transmission and tax collection. Second, we … higher for SMEs. We also obtain evidence of a substantial positive impact on SME employment and labor productivity growth … employment and growth gains from SME financial inclusion, which appear larger in the Middle East and Central Asia than in other …
Persistent link: https://www.econbiz.de/10012859860