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This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises …
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' financing constraints, but only at low levels of gross domestic product per capita …
Persistent link: https://www.econbiz.de/10012975751
This paper investigates the contribution of small firms to employment, job creation, and growth in developing countries. While small firms (20 employees) have the smallest share of aggregate employment, the SME sector's (100 employees) contribution is comparable to that of large firms. Small...
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bankruptcy. This paper provides a unified framework to organize the policy debate related to firm financing during the downturn …
Persistent link: https://www.econbiz.de/10012834605
international markets to obtain financing and grow. Using a new data set on issuance activity and firm performance, the paper finds … respect to international standards, bond issuance activity lags behind. Yet, bond financing has gained importance over time …
Persistent link: https://www.econbiz.de/10012935841
Emerging market corporations have significantly increased their borrowing in international markets since 2008. This paper shows that this increase was driven by large-denomination bond issuances, most of them with face value of US$500 million. Large issuances are eligible for inclusion in...
Persistent link: https://www.econbiz.de/10012865489