Showing 1 - 10 of 126
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
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
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
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
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
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
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
This paper provides evidence that commercial lenders in Peru free ride off their peers'screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own....
Persistent link: https://www.econbiz.de/10012858272
on SME credit availability. Financial structures include the presence of different financial institution types and the …
Persistent link: https://www.econbiz.de/10014060180
This paper examines changes in bank capital and capital regulations since the global financial crisis, in the Europe and Central Asia region. It shows that banks in Europe and Central Asia are better capitalized, as measured by regulatory capital ratios, than they were prior to the crisis....
Persistent link: https://www.econbiz.de/10012842628