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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

Liquidity Choice and Misallocation of Credit

Ebrahimy, Ehsan - 2020

This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low liquidities of both investment types imply that the allocation of credit is...

Persistent link: https://www.econbiz.de/10012843309

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

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

Corporate Vulnerabilities in Vietnam and Implications of COVID-19

Kroeger, Thilo; Anh Thi Ngoc Nguyen; 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

Non-Financial Corporate Debt in Advanced Economies, 2010-17

Almeida, Luiza Antoun de - 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

Leakages from Macroprudential Regulations : The Case of Household-Specific Tools and Corporate Credit

Bhargava, Apoorv; Górnicka, Lucyna; Xie, Peichu - 2022

Sector-specific macroprudential regulations increase the riskiness of credit to other sectors. Using firm-level data, this paper computed the measures of the riskiness of corporate credit allocation for 29 advanced and emerging economies. Consistently across these measures, the paper finds that...

Persistent link: https://www.econbiz.de/10013305631

External Financing Dependence and Corporate Saving in ASEAN5

Li, Xin - 2021

Using firm-level data on ASEAN5, this paper studies the differential effects of macrofinancial and structural factors on corporate saving behavior through the lens of external financing dependence. The finding suggests that non-financial corporations in ASEAN5 have been subject to binding...

Persistent link: https://www.econbiz.de/10013252059

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

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