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Is Small Beautiful? Financial Structure, Size and Access to Finance
Beck, Thorsten - 2017
Combining two unique data sets, this paper explores the relationship between the relative importance of different financial institutions and their average size and firms' access to financial services. Specifically, the authors explore the relationship between the share in total financial assets...
Persistent link: https://www.econbiz.de/10012975751
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Capital Market Financing, Firm Growth, and Firm Size Distribution
Didier, Tatiana - 2017
How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution? To evaluate these questions, a new data set is constructed by matching data on...
Persistent link: https://www.econbiz.de/10012971470
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What Determines Entrepreneurial Outcomes in Emerging Markets? The Role of Initial Conditions
Ayyagari, Meghana - 2017
Is it the institutions or firm characteristics at birth that shape startups and their early growth in developing countries? Using comprehensive data from the Indian Annual Survey of Industries this paper addresses this question by studying the early lifecycle of firms across diverse...
Persistent link: https://www.econbiz.de/10012972067
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Government Connections and Financial Constraints : Evidence from a Large Representative Sample of Chinese Firms
Cull, Robert - 2017
This paper examines the role of firms' government connections, defined by government intervention in the appointments of Chief Executive Officers and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. In line with the previous literature,...
Persistent link: https://www.econbiz.de/10012974635
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SME Finance
Ayyagari, Meghana - 2017
This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises, especially in developing countries. The paper first discusses the institutional constraints that impede access to finance, including the lack of reliable credit information, lack...
Persistent link: https://www.econbiz.de/10012943536
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SME Exchanges in Emerging Market Economies : A Stocktaking of Development Practices
Harwood, Alison - 2017
In recent years, many emerging market countries have developed or are in the process of developing SME Exchanges to … key questions to be addressed to determine if, when, how and for whom to develop an SME Exchange in emerging market …, without compromising the prudential needs of investors. The paper draws on the experience of seven SME Exchanges and the World …
Persistent link: https://www.econbiz.de/10012972279
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SME Finance in Africa
Beck, Thorsten - 2017
This paper uses cross-country firm-level surveys to gauge access to financial services and the importance of financing constraints for African enterprises. The paper compares access to finance in Africa and other developing regions of the world, within Africa across countries, and across...
Persistent link: https://www.econbiz.de/10012972791
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Informal Firms and Financial Inclusion : Status and Determinants
Farazi, Subika - 2017
Many firms in the developing world -- including a majority of micro, small, and medium enterprises -- operate in the informal economy. The informal firms face a variety of constraints, making it harder for them to do business and grow. Lack of access to finance is often cited as the biggest...
Persistent link: https://www.econbiz.de/10012973508
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What Have We Learned from the Enterprise Surveys Regarding Access to Credit by Smes?
Kuntchev, Veselin - 2017
Using a unique firm level data set -- the Enterprise Surveys -- this paper develops a new measure of credit-constrained status for firms using hard data instead of perceptions data. The paper classifies firms into four ordinal categories: Not Credit Constrained, Maybe Credit Constrained,...
Persistent link: https://www.econbiz.de/10012973852
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Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set
Ardic, Oya Pinar - 2017
In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restricts extensive cross-country analyses of lending...
Persistent link: https://www.econbiz.de/10012976200