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Corruption, the Business Environment, and Small Business Growth in India
Mengistae, Taye - 2016
This paper estimates a dynamic business growth equation on a sample of small-scale manufacturers. The results suggest that excessive labor regulation, power shortages, and problems of access to finance are significant influences on industrial growth in India. The expected annual sales growth...
Persistent link: https://www.econbiz.de/10012747623
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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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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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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
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Are Innovating Firms Victims or Perpetrators? Tax Evasion, Bribe Payments, and the Role of External Finance in Developing Countries
Ayyagari, Meghana - 2017
This paper investigates corruption and tax evasion and their firm-level determinants across 25,000 firms in 57 countries, a large fraction of which are small and medium enterprises in developing countries. Firms that pay more bribes also evade more taxes. Corruption acts as a tax on innovation,...
Persistent link: https://www.econbiz.de/10012976421
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Interest Rate Caps : The Theory and the Practice
Ferrari, Aurora - 2018
Ceilings on lending rates remain a widely used policy tool that is intended to lower the overall cost of credit or protect consumers from exorbitant rates. Interest rate caps come in many forms and scopes and, according to their rationale, ceilings can affect a small segment or the overall...
Persistent link: https://www.econbiz.de/10012922773
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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