"This paper studies the factors banks perceive as drivers and obstacles to financing small and medium enterprises (SMEs … policy action might help reduce the cost of providing financing, especially long-term lending. "--World Bank web site …

the service sector. In general, the financing pattern of firms is low leverage ratios and, in particular, low levels of … intermediated financing and long-term financing. Average firm growth rates decreased during the five years of the sample period … profitability on leverage ratios (more profitable firms use less external financing), which supports the "pecking order" theory that …

"The authors examine the legal and business environments, financing channels, and governance mechanisms of various … weakens investor protection in practice. External financing of firms has been dominated by nonmarket sources of financing …, including results based on a survey of small and medium-scale private firms, shows that alternative financing channels provide …

longer term financing, is the use of structured products and (ii) although the Peruvian capital markets regulatory framework …